Dann is convinced that he has a great idea for a new business.Unfortunately,the type of business he wants to start would require a fairly high initial investment and Dann has a poor credit rating and very little personal wealth.Dann would be unlikely to find success if he organized his business as a sole proprietorship.

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As a sole proprietorship, Dann's personal credit rating and wealth would be the main factors determining his ability to secure a high initial investment for his business. With a poor credit rating and little personal wealth, he would be unlikely to find success in this type of business structure. Other business structures, such as partnerships or corporations, may offer more opportunities for securing financing with limited personal resources.

Dann Is Convinced That He Has a Great Idea for a New