At some point entrepreneurs need to pull back from the business

At some point entrepreneurs need to pull back from the business

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

The speaker reflects on their entrepreneurial journey, starting with the New Covent Garden Soup Company and expanding to the US. They discuss living in Germany, founding Little Dish in the UK, and the challenges of frequent travel. Eventually, they implemented a succession plan to step back from daily operations, emphasizing the importance of work-life balance and the need for entrepreneurs to delegate and pull back from their businesses.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial business venture the speaker was involved in?

American Soup Carton

Munich Market

Little Dish

New Covent Garden Soup Company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the speaker move to Germany?

To expand their business

For educational purposes

Because their partner is German

To retire

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the name of the business the speaker set up in the UK?

Little Dish

New Covent Garden Soup Company

Munich Market

American Soup Carton

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the speaker emphasize as crucial for entrepreneurs?

Focusing solely on profits

Pulling back and implementing a succession plan

Investing in technology

Expanding internationally

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the speaker's main objective later in their career?

To become a CEO

To achieve a balanced lifestyle

To expand into new markets

To increase profits