elijah has an idea for a new business. which step provides the greatest risk for elijah as he works to start…

elijah has an idea for a new business. which step provides the greatest risk for elijah as he works to start his business? elijah reads websites and blogs that share advice from small business leaders. elijah approaches several banks with his business plan to acquire a start - up loan. elijah explores programs that provide funding backed by the federal government. elijah joins professional organizations that support small business owners around the country.

elijah has an idea for a new business. which step provides the greatest risk for elijah as he works to start his business? elijah reads websites and blogs that share advice from small business leaders. elijah approaches several banks with his business plan to acquire a start - up loan. elijah explores programs that provide funding backed by the federal government. elijah joins professional organizations that support small business owners around the country.

Answer

Brief Explanations:

Reading advice (first option) and joining professional organizations (fourth option) are low - risk learning and networking activities. Exploring federal - backed funding programs (third option) is also a relatively low - risk way to seek capital. Approaching banks for a start - up loan (second option) is high risk as banks have strict criteria, and a rejection could delay or halt business start - up plans, and also impact credit if multiple loan applications are made in a short time.

Answer:

Elijah approaches several banks with his business plan to acquire a start - up loan.