Johanna plans on being the sole proprietor of a home-based sales consulting business.Since she will work out of her home,her start-up costs should be low.Which type of financing would be BEST for her to use for the start up of her business?

Question

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Since Johanna plans on being the sole proprietor of a home-based sales consulting business, her start-up costs should be low, making it possible for her to finance her business with personal savings. Personal savings are the most common type of financing for small businesses, especially for home-based businesses that have low start-up costs. This option allows her to avoid debt and maintain full ownership of her business. Bank loans, loans from friends, venture capitalists, and angel investors are typically not suitable for new home-based businesses with low start-up costs.

Johanna Plans on Being the Sole Proprietor of a Home-Based