Question

In: Economics

entrepreneur growth

entrepreneur growth

Solutions

Expert Solution

The term entrepreneurial growth means organization plans to attain its goal of growing and expanding a business by quality, quantity, and turnover. There can be entrepreneurial growth in terms of innovators, business developers, radicals, expansionists, customers, etc. An entrepreneur who undertakes the risks and strives to grow the business will certainly have an entrepreneurial growth, whereas the person who does not want to achieve the goals

Growth helps companies establish legitimacy and creates new ways to grow. Larger companies are statistically less likely to fail, promoting confidence in costumers and potential investors. It is during and right after a period of growth that firms find investment capital easier to acquire. Companies perceived to have crossed their initial startup hurdles are perceived to be stable. With size comes a profitability and liquidity increase for the company. This gives a firm a history which more trusting partners and investors are willing. Thus, assets and finances will become more attainable than they used to be. The company forms new connections with growth, and is able to access new markets.


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