Isaac benefited from his experience working for an established private company that provided state-of-the-art lighting for music venues around town. Although confident that he could start his own lighting business, he had limited capital to buy the necessary equipment needed to successfully compete with established companies. Which of the following strategies would best help Isaac achieve his goal of business ownership?
A) Begin by offering to take over management of his employer's business, allowing the owner to enjoy some leisure time.
B) Consider working for a major corporation, live modestly, and save until he has sufficient funds to start his business.
C) Enroll in the closest university and apply for student loans.
D) Open his business and trust that his work experience will bring him success even with insufficient capital.
Correct Answer:
Verified
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