Sam used his management skills to start a loans advising website.He started seeing clients at his home before it grew into a well-established company in the next ten years.Which of the following entrepreneurial methods did he use in the beginning,to reduce the financial risk of his start-up?

Question

Quizplus · Accepted Answer

The lean method is known for reducing financial risk in a start-up by focusing on building a minimum viable product (MVP) with minimal resources and then iterating and improving based on customer feedback. This approach allows entrepreneurs to test their business idea without investing too much money upfront. In Sam's case, starting his loans advising website from home and seeing clients personally is an example of using the lean method.

Sam Used His Management Skills to Start a Loans Advising