BUSINESS MANAGEMENT – 5 important facts to note

Business Management : 1.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?

A.Small businesses foster personal relationships and offer flexibility and independence

B.The cost of opening a small business is relatively low, and financing is easily obtained.

C.Although opening a small business is risky, there is practically unlimited potential.

D.Record keeping will be complicated, and public disclosure of most transactions is required.

E.Opening a small business is especially difficult because there is little help available for those desiring to do so

Entrepreneurs, partners and islamic woman conference in modern meeting room. Happy mature african businessman putting forward his suggestions to colleagues. Group of multiethnic business people brainstorming together.

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