What is the MOST important source of money for new business start-ups?

Question

Quizplus · Accepted Answer

Personal resources, such as savings, credit cards, or loans from family and friends, are often the most important source of money for new business start-ups. This is because banks and investors are more likely to lend money or invest in a business that has shown proof of concept and has some financial backing or skin in the game from the entrepreneur. The SBA and government grants may also be helpful sources of funding, but they often come with strict eligibility criteria and a lengthy application process. Venture capital may be an option for high-growth potential businesses, but it typically requires giving up a significant amount of equity in the company.

What Is the MOST Important Source of Money for New