Enterprenuer Notes

7. Think back to Chapter 1 and the discussion about the ways governments foster entrepreneurship. What impact could the high tax rates found in socialist countries have on entrepreneurship?

b.) Opportunity – Opportunities pose as problems in disguise. Entrepreneurs are problem solvers; this skill is what gives them hindsight to

and to do it to the best of their abilities. This also leads on to the

My heart raced uncontrollably as I waited for my turn to come. I was sitting, for the first time, in a classroom in the United States, surrounded by people who were at least 2 years older than I was. Professor Knapp had asked for each one of us to stand up and state the reason why we were taking the Entrepreneurship course that summer at the University of Southern California. I thought I was prepared to answer what seemed like such a simple question, until I heard the responses that my fellow classmates were giving. “I want to expand my apparel business to other states” “I want to make even more than the 70 thousand dollars I made in the stock market last year” “I want universities to encourage the use of the app I built”. What was I supposed

2) Why do many entrepreneurs initially set up their businesses as sole proprietorships? Why do many successful entrepreneurs eventually decide to convert their sole proprietorship to some other form of ownership such as a corporation or LLC?

working for them in the end, less likely to become them. This is a psychological truth

| - Lecture: “Managing Innovation and Fostering Corporate Entrepreneurship” (con’t)- Presentation & Annual Report follow up.

2. Why do many entrepreneurs initially set up their businesses as sole proprietorships? Why do many successful entrepreneurs eventually decide to convert their sole proprietorship to some other form

2. Do you recognize any of the entrepreneurial personality characteristics in yourselves? Which ones? Do you think it’s possible for a person to develop the characteristics that he or she lacks? Why or why not?

What is the Company policy for the sale of and recognition of the revenue on gift cards?

C. We all desire to be rulers or superior people in order to commit immoral acts on a large scale, thus benefiting ourselves the most.

2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit?

Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses

2.2. Entrepreneurship - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5~6

Another example of the need to be born to be an entrepreneur comes from a study conducted on of more than 200 U.S. entrepreneurs by Northeastern University's School of Technological Entrepreneurship where 61% claim "they were inspired to start their own companies by their innate desire and determination, rather than by their education or work experience" (Taylor, 2006). Other factors cited were work experience (21 percent) and success of entrepreneurial peers within their industry (16 percent) and only 1% said higher