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What is the most common way for entrepreneurs to finance a start-up business? Choose 1 answer
Correct Answer: C
The most common way for entrepreneurs to finance a start-up business is by using personal funds. * Personal Funds(Answer C): Many entrepreneurs begin their ventures by using their own savings or personal resources. This is often the most accessible form of financing and does not require external approval or incur debt. * SBA Loan(Answer A) andVenture Capital(Answer B): These are common sources of financing, but they are less frequently used than personal funds, especially in the initial stages of a start-up. * Initial Public Offering(Answer D): This is a method of raising capital typically used by established * businesses rather than start-ups.