Georgia Assessments for the Certification of Educators GACE Practice Test

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If one is planning to start a small business, what should one do first?

  1. Assess one's personal financial situation

  2. Choose a location for one's business

  3. Find a partner

  4. Obtain a business loan

The correct answer is: Find a partner

Starting a small business can be a daunting task, and there are many important steps to consider. However, the first thing one should do is not to assess their personal financial situation or choose a location or obtain a business loan. While these are all important steps in the process, they should come after finding a partner. Having a good partner can provide support and additional resources, making it easier to navigate the other aspects of starting a business. Therefore, finding a partner should be the first step in the process of starting a small business.

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