Karen is trying to assess whether she can start her own small business. But, as with many small businesses, money is a problem. She asks for your help. You indicate that the most likely source of money for starting up a small business is

Question

Quizplus · Accepted Answer

Personal savings are often the most accessible and reliable source of funding for small business start-ups. It allows the entrepreneur to maintain control and ownership of the business without having to give up equity or control to outside investors. While other sources like family investment or loans from banks or credit unions are also options, they may come with strings attached or be more difficult to attain. Lottery winnings are an unlikely and unreliable source of funding for a small business.

Karen Is Trying to Assess Whether She Can Start Her