Calvin is thinking about starting a small business and is trying to assess the potential opportunities and threats associated with a new start-up. He's talked with friends and associates about his plans, and several have offered him opinions and advice. The comments of four friends are summarized below. Which of these statements would probably be the most helpful to Calvin?

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Of the four statements, D is the most practical and realistic advice for someone starting a small business. Calvin will likely face some initial financial struggles, and managing money carefully will be crucial to his success. A and C are limiting in their advice, as targeting only the broadest market segments or focusing solely on the domestic market may not be the best strategy for his specific business. B is simply inaccurate, as small businesses are subject to numerous government regulations.

Calvin Is Thinking About Starting a Small Business and Is