Question

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 1

c

Step-by-step explanation:

made a 100

Answer 2

The answer is: C) Purchase a $3,000 compact car instead of a truck for his business.

Step-by-step explanation:

If Sam needs money to start his new business, there are a few different options he could explore to get the money he needs.

• Sam can go to his bank and request a loan for his new business.
• If he doesn't like banks very much, then he can try to find an investor willing to invest in his new business (he should include family members as possible investors).
• If that doesn't suit him either, he can try to find a business partner to work with him, probably as a general partnership.

I really doubt that buying a compact car can help his new business in any way.