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QuizMultiple Choice

The Business Plan

Question 1 • TX-Money Matters A

Sam is planning to start a pool cleaning business from his home, but has realized that he does not have enough money in savings or credit to pay for the set-up costs and first year of operation. Which of the following would not be a good way for Sam to get the money to start his business?a.Talk to a bank about a business loan for the missing funds.b.Talk to an investor about investing their money into his business.c.Purchase a $3,000 compact car instead of a truck for his business.d.Find a business partner to share the initial expenses.

Answer
A
A
B
B
C
C
D
D
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Sam is planning to start a pool cleaning…