Entreprenurship

When you shop at Macy’s Department Store; does it ever cross your mind to give credit to Rowland H. Macy? When you shop at Wal-Mart; do you ever think of Sam Walton? What about when you eat at Chick-Fil-A; do you think of S. Truett Cathy? These three men are only a few of America’s greatest entrepreneurs. Macy, Walton, and Cathy all have created something that has impacted the lives of many, if not all, Americans. An entrepreneur takes nothing and transforms it into something.

3. What type of entrepreneurial opportunity did Hennessy identify, and how did he capitalize on those opportunities?

With an increase in business, the firm recruited widely. The firm, which had employed 2,000 people in 1982, tripled to 6,000 people by 1987.” Due to excessive focus on generating revenues, one insider put it as, “competing fiefdoms replaced interconnected businesses.” and “Making money was mostly what mattered.”

Note on the financial perspective: What should entrepreneurs know? William A. Sahlman, Harvard Business Publishing (9-293-045)

According to Reece and O’ Grady (1987), average person uses a small business to refer to an owner-managed business that only employs people not more than twenty or twenty five. The major reason for going into business for one’s self is the desire to be one’s own boss. Working capital, the money necessary to find he business regular operations. Also, the key element in defining an entrepreneur is that they take risks. Each year, a million or so people balance the rewards and the risks of

     The belief and implementation of free markets and pro-business policies have allowed the American nation to become the strongest country in the world. The entrepreneur is a special type of business person that is hurt by the livable wage. Our nation’s economy is diverse and adaptable because entrepreneurs are always willing to take risks to make money and stay competitive. Entrepreneurs act as the catalysts for the American economy. They take the capital risks to create new products,

Nick Vertucci has made it his life’s goal to help spread his knowledge on how to be successful. Vertucci grew up in a middle-class family that was able to provide for their needs but were not by any means wealthy. When he was 10 years old, tragically his father passed away. He watched his mother struggle financially to take care of the family. When he turned 18, Vertucci was living in his car, but he did not let this stop him. His very first business was selling computer parts, and he quickly found that with some hard work, he could be very successful.

Over the past few years, I've been hearing the term "patent troll" come up more often than ever. But what are they? It could be anyone from a company to an individual that own patents but don't actually make or sell anything. Most of these patents aren't original ideas and are instead purchased through different circumstances, such as bankruptcies. The surprising part is the amount of money they make from litigating people and companies that they find to be infringing the patent. In a study by James Bessen and Michael Meurer of Boston University’s School of Law, they concluded that companies lost around $29 billion in just legal fees and licensing. Calling it lucrative business, is short of what it actually is.

In the article A Maverik CEO Eplains How He Persuaded His Team to Leap into the

1.According to textbook(,p.616), making the ‘right’ decision helps a company to achieve their goals and objectives. Furthermore, a right decision might lead to finding other opportunities in order to achieve the business goals, by solving the problems. Similarly, it will help achieving competitive advantages against some of the main competitors, and help the company to being successful. The decision making can be of many forms, mainly structured and intuitive.

“It’s not about money or connections—it’s the willingness to out work and outlearn everyone...And if it fails, you learn from what happened and do a better job next time.” -Mark Cuban

In the article, “Good Entrepreneurs Make Money. Great Ones Make a Difference,” Earl Graves, talks about what little things entrepreneurs can do

and succeeded (Goldberg, 2015). Entrepreneurs get the opportunity to do what they love on their

Mr. Whitney presented enlightening information regarding entrepreneurship, why it is important and how the private market or venture capitalist are so important in investing in entrepreneurs. Venture capital is changing the global economy as banks are not investing in businesses anymore other than lending funds. Wealth creation has changed due to the internet and today wealth creation is out pacing the wealth created by inheritance (M. Whitney, personal communication, May 21, 2016).

likely to rely on academic talent to develop their businesses to expansionary heights. In this