The Small business
The entrepreneurs who select a status quo strategy now seek a lifestyle where they can afford the luxuries and comfort they had deferred for so long. At this juncture they must now make the transition from an entrepreneur to a manager. As the managerial functions replace the entrepreneurial drive, the operation becomes more administrative in nature until the organization becomes more corporately oriented. Eric Kierans, former cabinet minister in the Canadian government (1968-1976) and professor emeritus at McGill University, made the observation that a capitalist is an entrepreneur who had “arrived” In this mode the entrepreneurial emphasis is repositioned from striving and risking to status quo and conservation, which likely categorizes the state of most small businesses.