Is Growth Right For You? - Choctaw Nation Small Business Development

Name*

First Last

Email*

1. Growth in your business can be?*

Adding a new revenue stream
Revamping the cost structure
Adding new people and knowledge to the team
All of the above

2. In this video, a startup is defined as a company that tries out a new business model. They disrupt the status quo by trying to invent a better way of doing things. A small business, on the other hand, uses a tried-and-true business model.*

False
True

3. High growth entrepreneurship is not always voluntary. Sometimes, your value proposition just strikes a chord with customers and you're forced to expand quickly to meet the demand.*

False
True

4. To help decide what type of business model to follow, and how much growth to shoot for, it is important to consider your motivation. Examples given in this video are:*

Money, reputation, leadership, and competition
Money, employees, leadership, customers, and competition
Money, employees, reputation, and customers
Reputation, employees, leadership, customers, and network

5. A big red flag, when considering growth for your business, is if an industry is dying or changing considerably.*

True
False

6. Two good signs that it is time to grow your business are?*

Steady customer flow and consistent profits
Market demand and consistent profits
Market demand and changing industry
Steady customer flow and market demand

7. Failure could be:*

Being forced to shut down the business
Mismanaging money
Spreading ourselves too thin
All of the above

8. Fear is a kind of physical or emotional exhaustion that can make us feel like we're not accomplishing anything or that we have lost some piece of who we are.*

False
True

9. Actively looking for weaknesses and problems and taking action can be a powerful way to reduce:*

Likeliness of failure
Anxiety
Stress
Fear

10. Which question is from the startup incubator Y-Combinator:*

Do you have any ideas left to grow your start up?
Can you drive that growth profitably?
You may have ideas, but do you want to work on the startup that results from that growth?
All of the above