Penelope is planning to launch her first business. She will most likely acquire her initial financing from

Question

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As Penelope is launching her first business, it is unlikely that she will have the necessary credit history or collateral to secure financing from venture capitalists or the securities market. Wealthy individuals may be an option, but it is often difficult to find such individuals who are willing to invest in an unproven business. Personal savings is usually the most accessible and reliable source of initial financing for a new entrepreneur.

Penelope Is Planning to Launch Her First Business