The Entrpreneurship

5916 WordsJul 31, 201324 Pages
SECTION I. Chapter 1 THE CHALLENGE OF ENTREPRENEURSHIP The Foundations of Entrepreneurship ——————————————————————————————————————————————————————————————————————— Part One: Learning Objectives 1. Define the role of the entrepreneur in business in the United States and around the world. 2. Describe the entrepreneurial profile and evaluate your potential as an entrepreneur. 3. Describe the benefits and drawbacks of entrepreneurship. 4. Explain the forces that drive the growth in entrepreneurship. 5. Explain the cultural diversity of entrepreneurship. 6. Describe the important role small business plays in our nation’s economy. 7. Describe the ten deadly mistakes of entrepreneurship and how to avoid them. 8. Put failure into the proper…show more content…
That sparked the idea for a Web-based company that allows buyers to securely purchase tickets to events that normally would not be available. Adam started the company from his dorm room, was able to utilize the facilities of his school and expanded his product lines to include a wide variety of sporting events. The University of Maryland created a forum that allows about 100 student entrepreneurs to live and work together. That environment has inspired about twenty of those students to start their own business. ——————————————————————————————————— Q1. In addition to the normal obstacles of starting a business, what other barriers do young entrepreneurs face? Q2. What advantages do young entrepreneurs have when launching a business? Q3. What advice would you offer a fellow college student about to start a business? Q4. Work with a team of your classmates to develop ideas about what your college or university could do to create a culture of entrepreneurship on your campus or in your community. ——————————————————————————————————— A1. Young entrepreneurs may not be taken seriously, may have a more difficult time raising capital and have far less practical experience. A2. Young entrepreneurs have no fear, may have little or nothing to lose and a high level of energy. A3. College students should take advantage of the facilities, professors, programs and opportunities that their school offers (all of which they pay for). Discussion Opportunity: If you were to begin a
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