Mastery Quiz: Small Business Mentoring

What is the important difference between a startup and a small business? (Select the best answer)

Startups are in search of a profitable business model, while small businesses already have a proven business model

Correct Incorrect Correct answer

Startups have growth potential, while small businesses generally do not

Correct Incorrect Correct answer

Startups are more profitable than small businesses

Correct Incorrect Correct answer

Startups are not as risky as small businesses

Correct Incorrect Correct answer

Which type of business owner typically has closer ties to the community?

The small business owner

Correct Incorrect Correct answer

The startup founder

Correct Incorrect Correct answer

What are our mentors’ purposes when we engage with a small business owner?

To help the owner optimize the business to achieve their long-term goals

Correct Incorrect Correct answer

To help the owner make the business attractive to investors

Correct Incorrect Correct answer

To help the owner increase revenue

Correct Incorrect Correct answer

To help the owner prepare for growth

Correct Incorrect Correct answer

Information