Obtaining external financing is considered one of the major types of problems for a new venture during its first year.

Question

Quizplus · Accepted Answer

This statement is true. According to various studies and surveys, obtaining external financing is often cited as one of the biggest challenges faced by new ventures during their first year of operation. This is because new ventures may not have an established track record or sufficient collateral to secure traditional bank loans, and investors may be hesitant to invest in an unproven concept.

Obtaining External Financing Is Considered One of the Major Types