Thursday, January 21, 2016

Week 3 Reading Reflection


  1. I was surprised that the author included a section on the entrepreneurial ego, as exemplified by an overbearing need for control, a sense of distrust, an overriding desire for success, etc. 
  2. One part of the reading that confused me was early in the chapter, where the author attributes the failure of most entrepreneurial pursuits to inexperience. This seems contradictory to me because I was under the impression that entrepreneurship is all about taking risks, trying something new, and approaching things in a way that no one has before. I don't know if the textbook is encouraging failure or warning against entrepreneurship...
  3. Two questions I have for the author are: How do you establish a balance between wanting to start new business ventures and maintain the ones you have already started? What is the best way for entrepreneurs to cope with stress?
  4. I disagree with the author that a main quality of entrepreneurs is profit orientation. While money is certainly a motivating factor for many people, I don't think it is a necessary quality. Entrepreneurship is often applied to non-profit and volunteer-based organizations. 


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