Carly, an entrepreneur, has opened up a bakery. How might Carly’s work in the business be different in her first year of business than it may be in her tenth year?
(1 point)
Responses
In her first year she will likely write off expenses on her taxes; in 10 years her business likely will have grown so she won’t have to do this anymore,
In her first year she will likely write off expenses on her taxes; in 10 years her business likely will have grown so she won’t have to do this anymore,
In her first year she will likely hire staff to teach classes; in 10 years she will probably niche down and teach specific extracurriculars herself.
In her first year she will likely hire staff to teach classes; in 10 years she will probably niche down and teach specific extracurriculars herself.
In her first year she will likely operate a franchise model; in 10 years she will probably convert to an LLC structure.
In her first year she will likely operate a franchise model; in 10 years she will probably convert to an LLC structure.
In her first year she will likely fill every role in the bakery herself; in 10 years she may likely have filled those roles with employees
and focus more on managing the business and delegating tasks.
In her first year, she may need to work long hours and be involved in every aspect of the bakery, from baking to customer service to accounting. In 10 years, she may have hired employees to handle these tasks, allowing her to focus more on the strategic direction of the business and making important decisions.
Additionally, in her first year, Carly may need to actively seek out customers and work hard to build a customer base for her bakery. In 10 years, she may have established a strong reputation and customer loyalty, resulting in a more steady and predictable flow of customers.
Overall, Carly's role in the business may shift from being hands-on and heavily involved in day-to-day operations in the first year to being more strategic and focused on growth and management in the tenth year.