‘The ingenuity of an entrepreneur lies in planning far ahead and to prepare himself and his team to respond to the challenges ahead, so as to minimize the adverse impact on business in future.’ What...

‘The ingenuity of an entrepreneur lies in planning far ahead and to prepare himself and his team to respond to the challenges ahead, so as to minimize the adverse impact on business in future.’ What is the relevance of this statement for an entrepreneur in their growth phase? Examine with the help of an example.