ln 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, l think about what I might gain. Perhaps I could make more money, but l 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?
ls the owner a true entrepreneur?
Question 2:
Do you agree with the philosophy expressed here?
ls the owner doing what is best for his family?
Question 3:
What kinds of problems is this owner trying to avoid?