Enterpreneurship

Discussion Questions

1. What forces have led to the boom in entrepreneurship in the United States and across the globe?

Some of the main reason for the boom of entrepreneurship over the years and across the globes were due to the many lay-offs from cooperation throughout the world and the dream of starting a business plays a role.

2. What is an entrepreneur? Give a brief description of the entrepreneurial profile.

A person who opens a new business for profit or growth while capitalizing on resources. The entrepreneurial profile features successful business owners that fall within the many categories of entrepreneurship.

3. Inc. magazine claims, “Entrepreneurship is more mundane than it’s sometimes portrayed...you don’t need to be a person of mythical proportions to be very, very successful in building a company.” Do you agree? Explain

Absolutely Not. In order to be very successful, one must be determined, focus, driven, and humble. There isn't a step-by-step on how to be successful, however you don't have to be a mythical creature to become successful either. Many people think success comes over night like lottery winnings but is learned through experience.

4. What are the major benefits of business ownership?

The major benefit of entrepreneurship is the sense of accomplishment, nothing feels better than setting fourth a goal and accomplishing it. Not only is it rewarding but it also boosts confidence, while gaining control of life, but overall doing what you love.

5. Which of the potential drawbacks to business ownership are most critical?

Some drawback includes working long hours, living on undetermined income, high levels of stress, and becoming the ultimate decision maker and assuming total responsibility.

6. Briefly describe the role of the following groups in entrepreneurship: young people, women, minorities, immigrants, “part-timers,” home-based business owners, family business owners, copreneurs, corporate castoffs, corporate dropouts, social...