You have decided to open your small business, and would like to have some professional advice. What should you prepare for when you receive the initial advice from the advisor? Select an answer: The advisor will not listen to your plans or your frustrations about the business. The advisor will, perhaps painfully, point out the weaknesses of your business that you need to work on first. The advisor, perhaps uncomfortably, will provide a road map of how much will need to be invested in the future of the business. The advisor will challenge your knowledge of finance, and recommend first that wou firm Question 6 of 8 What is the most common reason for a small business to fail? Select an answer: The small business attempts to grow too fast. The small business has insufficient capital. The product or service is incorrectly priced. The product or service does not satisfy a market need. You are starting a retail florist business, where you will take orders from customers, and use a service you contract with to make the deliveries. If you do not create a customer forecast, what will you be unable to do? Select an answer: Schedule your employees properly. Submit the orders to the service properly. If a new small business has cash flow problems, which strategy should the business avoid at all costs? Select an answer: thinking that growth will generate more money working to lower the costs incurred in doing business slowing down the growth of the business devising ways to remain profitable, without affecting sales