Where do prospective entrepreneurs usually acquire their initial financing?
A) venture capitalists
B) personal savings
C) wealthy individuals
D) the securities market

Question

Quizplus · Accepted Answer

Prospective entrepreneurs usually acquire their initial financing through personal savings, which allows them to have full control over their business and not be accountable to external investors. While venture capitalists, wealthy individuals, and the securities market are also potential sources of funding, they often require a significant amount of equity or control in the business in exchange for their investment. Personal savings offer the most flexibility and autonomy for new entrepreneurs.

Where Do Prospective Entrepreneurs Usually Acquire Their Initial Financing