Entrepreneurs, in part because they are very busy, often fail to use ________, resulting in inadequate margins to support growth.
A) formal control systems
B) a forward-thinking orientation
C) an opportunity analysis
D) venture capital
E) total quality management systems

Question

Quizplus · Accepted Answer

Formal control systems, such as budgeting and financial planning, are essential for ensuring adequate margins to support growth. Without these systems in place, entrepreneurs may struggle to manage expenses and investments effectively, which can limit their ability to expand their business.

Entrepreneurs, in Part Because They Are Very Busy, Often Fail