Jacob has been developing contacts and heightening his profile in his community; that is, he has been creating his ________. He knows that nonfinancial resources will be crucial to the success of his entrepreneurial venture.

Question

Quizplus · Accepted Answer

Social capital refers to the resources that an individual has access to through their social networks and relationships. This includes things like personal contacts, reputation, and influence. By developing contacts and raising his profile in the community, Jacob is building his social capital, which will be important in helping him launch his entrepreneurial venture. The other answer choices are not as relevant to this scenario - side street effect is not a commonly used term in entrepreneurship, small business is a general term that doesn't specifically relate to Jacob's situation, start-up capital refers to financial resources rather than nonfinancial ones, and demographic change is a broader concept that doesn't specifically relate to Jacob's efforts to build his social networks.

Jacob Has Been Developing Contacts and Heightening His Profile in His