Asked by Alexys Jones Rice on Feb 18, 2024
Verified
Strong ties to family and friends can be restrictive to the entrepreneur because they are less likely to challenge our ideas.
Entrepreneur
An individual or a group who creates something new—a new idea, a new item or product, a new institution, a new market, a new set of possibilities.
- Understanding the potential limitations of strong ties to family and friends in terms of challenging entrepreneurial ideas.
- Recognizing the need for diverse perspectives and constructive criticism in the entrepreneurial journey.
- Importance of maintaining a balance between personal relationships and entrepreneurial pursuits.
Verified Answer
DR
Darlene Reina
Feb 18, 2024
Final Answer :
True
Explanation :
When entrepreneurs have strong ties to family and friends, they may hesitate to challenge their ideas for fear of causing conflict or damaging the relationship. This can limit the entrepreneur's ability to receive diverse perspectives and constructive criticism, which are essential for developing and refining innovative ideas.
Learning Objectives
- Understanding the potential limitations of strong ties to family and friends in terms of challenging entrepreneurial ideas.
- Recognizing the need for diverse perspectives and constructive criticism in the entrepreneurial journey.
- Importance of maintaining a balance between personal relationships and entrepreneurial pursuits.
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