Small Business or High Growth Venture? Read the brief descriptions below and decide from which of the

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Small Business or High Growth Venture? Read the brief descriptions below and decide from which of the two types of start-up businesses these quotes are likely to come.

a.“Well, once I saved $20,000, I figured I had enough to get started.”

b.“To get this product out the door, we need to let people know how much they need it. We need to place ads in magazines and maybe offer some special discounts or free offers to get the word out.”

c.“We saw an opportunity to do the same thing in Idaho and jumped right on it!”

d.“I had a good idea, but didn’t know much about selling it, so I hired Fred. Then I needed a really sharp financial person and Carolyn came on board. Soon Sandy in human resources and Ken in manufacturing joined us, and, wow, did they have some good ideas.”

e.“I knew this was a good idea, so I tried it and it worked. There’s nothing like knowing that you were right all along.”

f.“There’d been pizza restaurants for years, but I figured if I started a pizza restaurant that delivered by the slice – you know, so Mom could have mushrooms and the kids pepperoni and Dad could get the works – then I could be successful.”

g.“We were beginning to have trouble making payroll, so I called in my salespeople and had them double the calls they were making.”

h.“I figure it’s my business, it’s my livelihood that’s at stake, so I call the shots.”

i. “I knew we made it when we won the “Entrepreneur of the Year” award.”


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Related Book For  answer-question

Entrepreneurial Small Business

ISBN: 978-1259573798

5th edition

Authors: Jerome Katz, Richard Green

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