A friend of yours has recently received his MBA. He wants to open his own business but feels that it might be too risky at this point in his career. As an SBA counselor, you are able to advise him and explain more clearly to him some of the advantages and disadvantages of starting a small business. Which of the following statements best represents something you might tell him?

Question

Quizplus · Accepted Answer

It is important to explain to your friend that although starting a small business can be risky, it also offers a lot of rewards such as fostering personal relationships, offering flexibility and independence. It is important to highlight the potential advantages and disadvantages to help him make a well-informed decision. Option A may not be completely true as there are limits to growth for a small business. Option B may not be true as financing for a small business can often be difficult to obtain. Option C may also be true but not the most important factor when considering starting a business. Option E is not entirely true as there are resources and support available for small business owners.

A Friend of Yours Has Recently Received His MBA