Hank Gray Family

Howard Hughes and Preston Tucker both are entrepreneurs, but they both were led down different paths. One became a millionaire while the other went bankrupt. Unlike Howard Hughes, Preston Tucker did not become rich or have a legacy, instead Preston Tucker lost his factory due to all the stocks plummeting because of bad publicity and lawsuits. He also had to sell the remaining cars he had made to finance himself out of bankruptcy. Preston Tucker was an entrepreneur that had an idea that could have made millions, but he had failed because of his ethics and business skill. He promoted a car made from junk parts, could barely operate, and had malfunctions without telling people investing in his stock the truth which had really led to the lawsuit

We are surmising that exposure to a successful home business or a role model in an entrepreneurial venture will have a larger impact on predicting if a person develops into an entrepreneur than many other determinate

In my work with entrepreneurs over the years, I have found that, although they do not necessarily become rich, they do become happier, more self-confident and more self-reliant. Very few entrepreneurs would ever go back to a salaried job. Even though they don't make an enormous amount of money, they love the freedom so much that they could not imagine turning their destiny over to anyone else.

My entrepreneur that I have chosen is my brother Justin McEwen. He was born and raised in Las Vegas, Nevada and that is currently where he resides. He started his career in the construction field when he was 22 years old. Over the years, he worked he way up to be Vice President of Construction of a large construction company.

What do entrepreneurs do that distinguishes them from any other person involved in business? Why is it that personality characteristics may be good predictors of who will be a successful entrepreneur?

Mankind has thrived off of the dependability of ideas and the application of them for centuries. Moreover, humans have sustained healthy lives through developments and inventions that have improved the world around them. From the earliest Mesopotamian creation of the wheel to Apple’s recent release of the iPhone 7, groundbreaking revelations have perpetuated and molded human survival in some aspect. Anyone can generate an idea, but rather, it is the ability to transform that idea into a development that is valued by many--which is what makes being an entrepreneur remarkable. Entrepreneurs are some of the keenest, most creative, and passionate people that walk the earth.

The entrepreneur I chose and researched is Mr. Elon musk who is a Canadian- American serial entrepreneur, Pioneered some all-time great state of the art companies like Paypal (Worldwide online payment system – sold to eBay in 2002), SpaceX (Aerospace manufacturer and transport company), SolarCity (Energy solution provider), OpenAI (NFP AI research company) and Tesla Motors (Electric (cell powered) automobile manufacturer) conceptualized brilliant ideas like Hyperloop (High speed transportation system) and proposed a VTOL supersonic jet aircraft which he named Musk electric jet.

Les Harper was called to serve in BYUH as senior missionary. He grew up in an entrepreneurship family. His grandfather, parents, and siblings all had built their own business. He is proud of his entrepreneurship gene. He shared his family story and his own experiences to teach principles about what makes a successful entrepreneur.

Lourenço, F., Sappleton, N., & Cheng, R. (2015). Does Ethicality Wane With Adulthood? A Study of the Ethical Values of Entrepreneurship Students and Nascent Entrepreneurs. Journal of Education for Business, 90(7), 385-393.

This week’s readings take us on a journey through the makings of a successful multigenerational family business. I personally noticed a few of the same themes from class in the readings, two primarily. The first was the processes and concepts a family can include in their business model that allow the company to run as efficiently as possible (such as deliberating on share distribution, holding family meetings, or implementing a non-family board). The second was the steps that current generation leaders should take to prepare the next generation, and the qualities to look for in the next generation. These two themes, as discussed in class, were the main themes in Chapters three and four of Poza’s book.

Many people have been able to find success in business. For example, Donald Trump found success in real estate among other things. Jeno Paulucci and Momofuku Ando found success in food companies. Steve Jobs found it in technology. Bette Nesmith Graham found it by creating White Out.

I think that the best entrepreneur would be Walt Disney, this man has made many families happy. Walt Disney became an American entrepreneur, animator, voice actor and film producer. Disney holds the record for most Academy Awards earned by an individual, having won 22 Oscars from 59 nomination's. In the 1950's, Disney expanded into the amusement park industry, and in 1955 he opened Disneyland. This is were he started his journey of families getting together. He started as film producer in 1966. He was an pioneer of the American animation industry. Walt Disney was known for the creativity of cartoons. He holds the highest record in the world for most Academy Awards won in his life. Walt Disney was born as Walter Elias "Walt' Disney in Chicago in 1901. After

Using the Fourteenth Amendment to protect corporations, by allowing them “corporate personhood”, is wrong; since it ends up granting corporations more rights than citizens. Giant conglomerates benefit from this amendment to earn huge tax breaks, influence political campaigns, and government subsidising. Additionally, as their own legal entities, they can fight wage increases. Not only do companies ship their jobs overseas to take advantage of people in third world countries who will work for practically free, they aim to keep wages at unlivable rates. Recently, Mcdonald's sued the city of Seattle, WA. over the increase of the minimum wage to fifteen dollars per hour. They claimed it would be “bad for business”. These poverty inducing

Seeing my parents collectively start up and run a successful business during my childhood made me wonder to how they were growing their business sustainably. Therefore, I am inclined to learn more about how to effectively manage and market businesses. One point I can derive from observing the amount of work my parents put into their company is: anyone can succeed in whatever they do, it is solely down to how much effort you put in.

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