Sam is planning to start a pool cleaning business from his home, but has realized that he does not have enough money in savings or credit to pay for the set-up costs and first year of operation. which of the following would not be a good way for sam to get the money to start his business?
a.
talk to a bank about a business loan for the missing funds.
b.
talk to an investor about investing their money into his business.
c.
purchase a $3,000 compact car instead of a truck for his business.
d.
find a business partner to share the initial expenses.
the answer is c

Solution:

Sam is thinking about to start a pool cleaning business from his home,but has realized that he does not have enough money in savings or credit to pay for the set-up costs and first year of operation.

The following options are  good way for Sam to get the money to start his business,

a. Talk to a bank about a business loan for the missing funds.

b.Talk to an investor about investing their money into his business.

c. Find a business partner to share the initial expenses.

Because, As Sam is facing financial problem ,so taking loan from bank, or some investor or choosing a business partner is a good idea.

So, entangling his money or by taking money from some private or financial institutions and purchasing a compact car instead of truck for business is not a good idea because after few months or a year  he will have to buy truck for this business. So instead of buying compact car if he will buy truck for his business, that will be better investment.  

Option (C): Purchase a $3,000 compact car instead of a truck for his business is not a good way for Sam to get the money to start his business.