Asked by Chika Kitagawa on Feb 18, 2024
Verified
According to the text,a disadvantage of bootstrapping and building up a business piece by piece is that you're less likely to generate a larger customer base.
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 potential limitations of this approach
- Identifying the importance of generating a larger customer base for business growth
- Understanding the concept of bootstrapping and building up a business piece by piece
Verified Answer
JE
Julia EshbaughFeb 18, 2024
Final Answer :
False
Explanation :
The text does not state that building up a business piece by piece reduces the likelihood of generating a larger customer base.
Learning Objectives
- Recognizing the potential limitations of this approach
- Identifying the importance of generating a larger customer base for business growth
- Understanding the concept of bootstrapping and building up a business piece by piece
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