A friend of yours has recently received his MBA.He wants to open his own business but feels that it might be too risky at this point in his career.As an SBA counselor, you are able to advise him and explain more clearly to him some of the advantages and disadvantages of starting a small business.Which of the following statements best represents something you might tell him?
A) Although opening a small business is risky, there is practically unlimited potential.
B) The cost of opening a small business is relatively low, and financing is easily obtained.
C) Record keeping will be complicated, and public disclosure of most transactions is required.
D) Small businesses foster personal relationships.
E) Opening a small business is especially difficult because there is little help available for those desiring to do so.
Correct Answer:
Verified
Q84: Many small firms seek to establish a
Q87: Penicillin, airplanes, and air conditioning were all
A)
Q94: John and Ruby Couch just opened a
Q94: New ways to do a job with
Q95: Your friend, Shonta, started a graphic design
Q98: In her small retail shop, Jocelyn knows
Q99: The Hamptons enjoy owning and operating their
Q104: The disadvantages of small businesses include all
Q105: According to the Census Bureau and Federal
Q126: Most Small Business Administration loans are actually
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents