The Savvy Entrepreneurial Firm feature in Chapter 9 focuses on how business founders overcome a lack of business experience. Which of the following was not mentioned as a practical way for a new business founder to overcome a lack of business experience?
A) hiring consultants from a major consulting firm, like Bain & Company or McKinsey & Company
B) taking on a partner that has business experience
C) getting help from a Small Business Development Center
D) joining a Meetup group
E) participating in online forums

Question

Quizplus · Accepted Answer

The article did not mention hiring consultants from a major consulting firm, like Bain & Company or McKinsey & Company, as a practical way for a new business founder to overcome a lack of business experience. The other options, taking on a partner that has business experience, getting help from a Small Business Development Center, joining a Meetup group, and participating in online forums, were mentioned as practical ways to gain business knowledge and experience.

The Savvy Entrepreneurial Firm Feature in Chapter 9 Focuses on How