Enfb 4170 exam 1 stuvia Study guides, Class notes & Summaries

What are the four steps to the *entrepreneurial strategy*? - ANSWERSthink big, start small, fail quickly, and grow fast What are the 3 advantages to *thinking big* - ANSWERS1. get investors attention 2. get a greater return 3. make it easy to inspire people/recruit What are the 4 advantages to *starting small* - ANSWERS1. minimizes losses from failures 2. raise smaller amount of money, meaning less dilution of ownership 3. less time to raise less amount of $ 4. easier to measure resu...

What are the four steps to the *entrepreneurial strategy*? - ANSWERSthink big, start small, fail quickly, and grow fast What are the 3 advantages to *thinking big* - ANSWERS1. get investors attention 2. get a greater return 3. make it easy to inspire people/recruit What are the 4 advantages to *starting small* - ANSWERS1. minimizes losses from failures 2. raise smaller amount of money, meaning less dilution of ownership 3. less time to raise less amount of $ 4. easier to measure resu...

entrepreneurial strategy - ANSWERS1. think big 2. start small 3. fall quickly 4. grow fast start small - ANSWERSminimizes the losses from failure raise small amount of money less time to raise lower amount of money easier to measure results fail quickly - ANSWERSsave time saves money gets us to the right answer faster grow fast - ANSWERSwindow of opportunity closes fast get to break even faster get to profit faster

entrepreneurial strategy - ANSWERS1. think big 2. start small 3. fall quickly 4. grow fast start small - ANSWERSminimizes the losses from failure raise small amount of money less time to raise lower amount of money easier to measure results fail quickly - ANSWERSsave time saves money gets us to the right answer faster grow fast - ANSWERSwindow of opportunity closes fast get to break even faster get to profit faster supervision - ANSWERShire people recruit train...