Question
Elijah has an idea for a new business.
Which step provides the greatest risk for Elijah as he works to start his business?
A: Elijah reads websites and blogs that share advice from small business leaders.
B: Elijah approaches several banks with his business plan to acquire a start-up loan.
C: Elijah explores programs that provide funding backed by the federal government.
D: Elijah joins professional organizations that support small business owners around the country.
Which step provides the greatest risk for Elijah as he works to start his business?
A: Elijah reads websites and blogs that share advice from small business leaders.
B: Elijah approaches several banks with his business plan to acquire a start-up loan.
C: Elijah explores programs that provide funding backed by the federal government.
D: Elijah joins professional organizations that support small business owners around the country.
Answers
GPT-4o mini
The step that provides the greatest risk for Elijah as he works to start his business is:
**B: Elijah approaches several banks with his business plan to acquire a start-up loan.**
This step involves financial commitments and the potential for debt, which carries significant risk if the business does not succeed or meet its financial obligations. Approaching banks for a loan means that Elijah is seeking to obtain funds that he will have to pay back, typically with interest, creating a risk if the business does not generate enough revenue.
**B: Elijah approaches several banks with his business plan to acquire a start-up loan.**
This step involves financial commitments and the potential for debt, which carries significant risk if the business does not succeed or meet its financial obligations. Approaching banks for a loan means that Elijah is seeking to obtain funds that he will have to pay back, typically with interest, creating a risk if the business does not generate enough revenue.