George goes to a large college in Alberta. He notices that there is always a long line at the hotdog stand and that there are limited healthy options at his school. He has an idea that if he could set up a stand that sold healthy sandwiches and salads he could make a lot of money. He has student loans from the government to help pay for tuition and is not a business major. What is the biggest obstacle that he will face in opening up his stand?

Question

Quizplus · Accepted Answer

The biggest obstacle for George in opening up his stand is limited ability to raise capital. As a student with government loans, he may not have enough personal funds or credit to secure the necessary money to start the business. Without sufficient capital, it may be difficult to purchase equipment, ingredients, and pay for necessary permits to operate the stand.

George Goes to a Large College in Alberta