Verlin wants to avoid a common mistake often made by new entrepreneurs. Which of the following would you advise him to do?
A) Spend as little as possible.
B) Carry no inventory.
C) Be sure to have adequate financing.
D) Do without anything that is not absolutely essential.

Question

Quizplus · Accepted Answer

Adequate financing is critical for a new entrepreneur to have a solid foundation to build their business from. Without sufficient funds, they may struggle to cover expenses and reach their larger business goals. While the other options are important to consider, they are not as critical as having adequate financing.

Verlin Wants to Avoid a Common Mistake Often Made by New