Asked by Allie Decker on Feb 18, 2024
Verified
Research has found that more and more,new fast-growth ventures have been founded by sole entrepreneurs with strong financial backing.
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.
- The increasing trend of sole entrepreneurs in the startup ecosystem.
- The potential advantages and disadvantages of being a sole entrepreneur in terms of decision-making and control.
- The importance of financial resources in the establishment and growth of new ventures.
Verified Answer
ST
shiva thejaFeb 18, 2024
Final Answer :
False
Explanation :
Research indicates that while sole entrepreneurs can and do start successful ventures, the trend is towards founding teams, which combine diverse skills and resources, rather than relying solely on strong financial backing from a single founder.
Learning Objectives
- The increasing trend of sole entrepreneurs in the startup ecosystem.
- The potential advantages and disadvantages of being a sole entrepreneur in terms of decision-making and control.
- The importance of financial resources in the establishment and growth of new ventures.
Related questions
Most Successful Entrepreneurs Have Had a _____ to Help Them ...
Describe Failure and Its Effect on Entrepreneurs
Many Entrepreneurs Who Have Failed Become More Confident,prepared,and Motivated to ...
______ Angels Are Successful Entrepreneurs Who Want Active Involvement in ...
Research Has Proven That Successful Entrepreneurs Are Planners and Most ...