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Which resources would be most helpful to an entrepreneur when financing a new business start-up? Select the three correct answers.

• crowdsourcing
• education
• grants
• loans
• mentorship
• networking

1 answer

The three most helpful resources for an entrepreneur when financing a new business start-up would be:

  1. Crowdsourcing - This allows entrepreneurs to raise funds from a large number of people, typically via online platforms, which can help gather the necessary capital for a start-up.

  2. Grants - These are funds provided by governments, organizations, or foundations that do not require repayment and can be an excellent source of financing for new businesses, particularly those in certain industries or sectors.

  3. Loans - Traditional or alternative loans can provide the necessary capital to start a business and are a common financing option for entrepreneurs.

While education, mentorship, and networking are also valuable, they are more focused on knowledge and connections rather than direct financial resources.