Question

As business grows, time management continues to be an issue, but the entrepreneur's major concern usually becomes : 

• A. Setting goals
• B. Finding, retaining, and motivating qualified employees
• C. Measuring performance
• D. All of these

Answer 1

The Correct Option is B

The question asks about the major concern for entrepreneurs as their business grows, specifically related to time management issues. Let's evaluate each option:

1. Setting goals: While setting goals is crucial for strategic planning, it is generally an initial concern when starting a business rather than a predominant issue as the business grows.
2. Finding, retaining, and motivating qualified employees: As businesses expand, managing human resources effectively becomes critical. Entrepreneurs often face challenges in finding suitable employees with the necessary skills, ensuring those employees remain within the company, and keeping them motivated to achieve business goals. This is generally the most significant concern as the business reaches a certain scale.
3. Measuring performance: Performance measurement is important for assessing business success and making improvements. However, like goal setting, it is not typically a primary concern compared to managing human resources in a growing business.
4. All of these: While all the listed options are relevant for business operations, the question emphasizes a 'major concern,' which is best addressed by the human resource challenge posed as businesses grow.

Therefore, the best answer is: Finding, retaining, and motivating qualified employees. This aligns with the common growth-stage challenge faced by entrepreneurs, where acquiring and managing human talent becomes pivotal for sustaining and advancing business operations.