Question

The Spotlight on Small Business box "Earning While Learning" features students who

A. directed inheritance money they received into profitable business ventures.
B. turned a passion into a business opportunity.
C. realized the American dream at a very young age, and now run multimillion-dollar companies.
D. convinced banks to fund their business ideas.

Answer 1

B. turned a passion into a business opportunity.

The small business feature likely showcases students converting their passions into businesses, representing a trend towards entrepreneurship and side hustles. Funding often comes from personal savings or angel investors.

Step-by-step explanation:

The Spotlight on Small Business box "Earning While Learning" likely features students who turned a passion into a business opportunity.

This aligns with the current trend where people harness their entrepreneurial spirit to create side hustles or delve into the gig economy, rather than relying solely on traditional jobs.

Moreover, when it comes to funding these ventures, the initial capital often comes from the business founders themselves, either through personal savings or loans, or potentially from angel investors who provide financial backing in exchange for ownership equity in the fledgling companies.