In the following statement, a business owner attempts to explain and justify his preference for slow growth in his business.
I limit my growth pace and make every effort to service my present customers in the manner they deserve. I have some peer pressure to do otherwise by following the advice of experts-that is, to take on partners and debt to facilitate rapid growth in sales and market share. When tempted by such thoughts, I think about what I might gain. Perhaps I could make more money, but I would also expect a lot more problems. Also, I think it might interfere somewhat with my family relationships, which are very important to me.
Question 1 Should this venture be regarded as entrepreneurial? Is the owner a true entrepreneur?
Question 2 Do you agree with the philosophy expressed here? Is the owner really doing what is best for his family?
Question 3 What kinds of problems is this owner trying to avoid?