Final answer:
Roy's colleague would discuss the initial funding avenues for small businesses such as personal savings, loans, or angel investors, and the possibility of starting a franchise. They would also address the broader role of small businesses in economic patterns and international trade, highlighting their importance in the global market.
Step-by-step explanation:
When considering starting a small business, Roy's experienced colleague would likely share insights about the role of small businesses in the global economy and the opportunities available for them. They might discuss the fact that start-up costs are often covered through the owner's finances or by borrowing funds, using assets like a home for collateral. Additionally, there may be discussions on alternative funding sources such as angel investors, who provide capital in exchange for ownership equity in the new company. Another possible avenue for starting a business is purchasing a franchise, which can offer a structured start with ongoing support. The conference call might also cover how small businesses contribute to the business cycle and can be part of international trade, benefiting from economies of scale and a plurality of producers that contribute to a dynamic marketplace