Rachel hopes to start her own business soon, but is concerned about her limited financial resources. She should save money by waiting to meet with lawyers and accountants until the business has grown and has been operating successfully for a few years.

Question

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Consulting with lawyers, accountants, and loan officers may be expensive, but their advice may be invaluable. If Rachel waits for a few years before asking for legal and financial advice, the money she saves on consulting fees is likely to be more than offset by losses due to poor decisions and avoidable mistakes.

Rachel Hopes to Start Her Own Business Soon, but Is