Question 1

Why will the Internet become an increasingly important gateway to controlling resources?

Accepted Answer

The answer of Why will the Internet become an increasingly...

Question 2

One solution for liability concerns regarding directors is to:

Accepted Answer

The best solution for liability concerns regarding directors is to purchase indemnity insurance. This type of insurance will protect the directors from any potential liabilities resulting from their role as a director. Admonishing them to be careful or having them sign waivers may not fully protect them from legal action, and not having directors or having them monitor each other closely may not be practical or feasible options.

Question 3

Discuss some of the positive aspects of using advisors rather than a formal board of directors

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Question 4

What are the main reasons for building a brain trust for a new venture?

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Question 5

Successful entrepreneurs know that rather than own the resources they need, they seek to control them. Entrepreneurs with this approach reduce some of the risk in pursuing opportunities. What are some of those reduced risks?

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Question 6

Effective entrepreneurs are more like than others to systematically do what?

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Question 7

Bootstrapping refers to what?

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The answer of Bootstrapping refers to what?...

Question 8

What is the best referral system for locating consultants?

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Question 9

Describe some ways of using other people's resources.

Accepted Answer

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Question 10

If an entrepreneur of a high-potential firm will be seeking venture capital, she should give first consideration to which of the following solutions for accounting expertise?

Accepted Answer

A national firm would have the resources and expertise needed to handle the complex accounting needs of a high-potential firm seeking venture capital. They would also have knowledge and connections within the venture capital industry, which could be advantageous for the entrepreneur.

Quiz 8: The Entrepreneurial Leader and the Team