Asked by Jalen Townsend on Feb 18, 2024
Verified
Bootstrapping and starting slowly enables entrepreneurs to avoid any and all risk.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Recognizing the benefits of starting slowly in business.
- Identifying the potential risks associated with entrepreneurship.
- Understanding the importance of bootstrapping in entrepreneurship.
Verified Answer
SS
Sydney SlatteryFeb 18, 2024
Final Answer :
False
Explanation :
Bootstrapping and starting slowly still involves risk, although it may reduce the level of financial risk or debt. It also may result in slower growth or limited resources, which can impact the success of the business.
Learning Objectives
- Recognizing the benefits of starting slowly in business.
- Identifying the potential risks associated with entrepreneurship.
- Understanding the importance of bootstrapping in entrepreneurship.
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