The first place an entrepreneur should look for startup capital is ________.
A)a bank
B)a venture capitalist
C)the Small Business Administration
D)his own savings

Question

Quizplus · Accepted Answer

An entrepreneur's own savings or personal funds are the best choice for startup capital as it demonstrates personal commitment and ownership in the business. It also reduces the risk of debt or equity financing and allows the entrepreneur to fully control the business's operations and decision-making processes. Banks and venture capitalists may require collateral, securities, or a significant ownership stake in the business, while the Small Business Administration may have strict eligibility criteria and limited funding availability.

The First Place an Entrepreneur Should Look for Startup Capital