Thursday
August 28, 2014

Homework Help: Business

Posted by Gary on Thursday, June 6, 2013 at 12:50am.

In the following statement, a business owner attempts to explain and justify his slow growth in his business.

I limit my growth pace and every effort to service my present customers in the manner they deserve. I have some peer pressure to do otherwise by following the advice of experts that is to take on partners and debt to facilitate rapid growth in sale and market share. When tempted by such thoughts I think about what I might gain. Perhaps I would make more money, but I would also expect a lot more problems. Also I think it might interfere with my family relationships, which are more important to me.

1. Should this venture be regarded as entrepreneurial? I the owner a true entrepreneur?

2. Do you agree with the philosophy expressed here? Is the owner really doing what is best for his family?

3.What kinds of problems is the owner trying to avoid?

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