A friend of yours has recently received his MBA. He wants to open his own business but feels that it might be too risky at this point in his career. As an SBA counselor, you are able to advise him and explain some of the advantages and disadvantages of starting a small business. Which of the following statements best represents something you might tell him?

Small businesses foster personal relationships and offer flexibility and independence.

The cost of opening a small business is relatively low, and financing is easily obtained.

Record keeping will be complicated, and public disclosure of most transactions is required.

Although opening a small business is risky, practically unlimited potential is guaranteed.

Opening a small business is especially difficult because there is little help available for those desiring to do so$.$