Ralph took his first tangible step to becoming an entrepreneur rather than a small business owner when he:

Started considering expansion strategies to teach other people how to fit $3-$D molded shoes.

Found out about $3-$D printing technology.

Quit his job.

Built his first shoe.

Question Content AreaWorking ON the business and not just IN the business is best described as:

Taking care of support processes like accounting and marketing as well as making the product.

A mindset that focuses on building a scalable business with high growth potential as opposed to performing the actual work that the business does each day.

Driving all unnecessary costs out of production processes rather than building the product oneself.

Making sure the business has a good image in the community as well as doing a good job making what it makes.

Question Content AreaBased on what you have seen in this video, which of the following is the most accurate statement about growing a large entrepreneurial business?

The more money investors put into the business, the faster it will grow.

A basic system must be designed, refined, and replicated over and over.

You have to use the latest technology in order to grow.

Rapid growth is driven by cost$-$cutting in every manufacturing process.