52.5k views
1 vote
A small business owner must possess all of the following EXCEPT

a. a sequential formula
b. necessary skills to run the business
c. passion for starting a business
d. an in-depth understanding of the market

1 Answer

3 votes

Final answer:

A small business owner must possess an understanding of the market, necessary skills, and passion for the business, but not necessarily a 'sequential formula'.

Step-by-step explanation:

The question asks which of the given options is not required for a small business owner to possess. An in-depth understanding of the market, the necessary skills to run the business, and a passion for starting a business are all essential traits for an entrepreneur.

However, a 'sequential formula' is not commonly listed among the requirements for a small business owner. There isn't a one-size-fits-all sequence or method that guarantees success in entrepreneurship, as each business has its unique challenges and opportunities.

User Dcaz
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.