Explain the nature of and differences among microbusinesses, attractive small firms, and high-potential ventures.
What will be an ideal response?
Microbusinesses provide only a very limited return to their owners. Such firms may be consistently unable to generate much profit; however, they are not necessarily failing. Attractive small firms offer substantial profit but not spectacular rewards. High-potential (or gazelle) ventures are those like Dell and Microsoft, which can turn entrepreneurs into multimillionaires. Of course, they also include less spectacular successes that still earn very high profits.
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