Entrepreneurs who have the necessary abilities for the transition to more professional management practices and the aspiration to grow their business:
A) have little potential for firm growth.
B) will achieve growth only if the entrepreneur replaces himself or herself with a professional manager.
C) are the most likely to achieve growth.
D) usually form lifestyle firms.

Question

Quizplus · Accepted Answer

Entrepreneurs who have the necessary abilities and aspiration to grow their business are more likely to achieve growth as they have the capability to transition to professional management practices. This implies that the entrepreneur is willing to embrace change, improve their skills and make necessary adjustments. Therefore, these entrepreneurs have the potential to achieve significant growth.

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