Question

Greg benefited from his experience working for an established private company that provided innovative lighting for large music venues. Although confident that he could start his own lighting business, he had limited capital to buy the necessary equipment needed to successfully compete with established companies. Which of the following strategies would best help Greg achieve his goal of business ownership?
A. Begin by offering to take over management of his employer's business, allowing the owner to enjoy some leisure timeB. Consider working for a major corporation, live modestly, and save until he has sufficient funds to start his businessC. Enroll in the closest university and apply for student loansD. Open his business and trust that his work experience will bring him success even with insufficient capital

Answer 1

Answer:

A.

Explanation:

Based on the information provided within the question the best strategy for Greg would be to begin by offering to take over management of his employer's business, allowing the owner to enjoy some leisure time. This would allow Greg to run an already established business and make a name for himself within that market. He can later save up enough money and purchase that company from his employer in the future, or open up his own store that can compete in that market with the connections that he has made.

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