You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company.
-_____ will probably be the most important source of funds for your new business.
A)Bank loans
B)SBA (Small Business Administration)
C)Venture capital
D)Personal assets

Question

Quizplus · Accepted Answer

Personal assets are often the most important source of funds for new businesses, especially in their initial stages, because new entrepreneurs may not yet qualify for bank loans, SBA loans, or attract venture capital.

You and a Friend Want to Open New Pet Grooming