Asked by Shaikh Farhan on Sep 26, 2024
Verified
Your friend Regina says she wants to work in a small company atmosphere but has very little start-up capital. She is not worried about getting a steady paycheck at first, wants to run the business, and seeks a high financial return in the long run. Which small business opportunity should she pursue?
A) Become an independent contractor/consultant
B) She should forget about it
C) Take a job with a small business
D) Buy her family's small business
E) Purchase a franchise
Independent Contractor/Consultant
A person or entity engaged by a company to perform specific tasks or provide expert advice, typically not considered an employee of the company.
Start-Up Capital
The initial investment required to start a new business or launch a new product.
Financial Return
The profit or loss generated on an investment over a specific period, often expressed as a percentage of the initial investment cost.
- Gain insight into the definition and limits of small business, and delve into the career possibilities within this area.
- Identify the capabilities and dispositions required by entrepreneurs, including the acceptance of risk and the capacity to manage uncertainty.
Verified Answer
MR
Matthew Rodriguez1 day ago
Final Answer :
A
Explanation :
Becoming an independent contractor or consultant requires minimal start-up capital, allows for business control, and offers the potential for high long-term financial returns, aligning with Regina's preferences and situation.
Learning Objectives
- Gain insight into the definition and limits of small business, and delve into the career possibilities within this area.
- Identify the capabilities and dispositions required by entrepreneurs, including the acceptance of risk and the capacity to manage uncertainty.