Jeff wants to start a company that makes the medical consent forms patients are required to sign easier to understand.Jeff is a doctor with medical sales experience;his partner Gina has the technical abilities to make the product.Where should they look first for financing?
A) Personal resources
B) SBA
C) Strategic alliances
D) SBICs
E) Venture capital companies

Question

Quizplus · Accepted Answer

Since Jeff and Gina are just starting out, it is likely that their business idea will not attract larger sources of funding such as venture capital companies or SBICs. The Small Business Administration (SBA) and strategic alliances may be potential sources of funding, but they may also have strict requirements and regulations that may not be suitable for a new startup. Therefore, the best option for Jeff and Gina would be to utilize their personal resources, such as savings or loans from family and friends, to initially fund their business.

Jeff Wants to Start a Company That Makes the Medical