Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Chapter 6, Problem 1DCS
Summary Introduction
To discuss: The profile of any one entrepreneur who is heading today’s dynamic new businesses.
Introduction: The eagerness to create, sort out and deal with a business wander alongside any dangers to make a benefit is termed as entrepreneurship.
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Students have asked these similar questions
1. Look for people who qualify as (a) intrapreneur, (b) technopreneur
2. For each of the four personalities, relate a brief description of their business and explain what makes them unique entrepreneurs. Include business description and rationale for being a unique entrepreneur maximum of 150 words.
There several myths about entrepreneurs, including:- Entrepreneurs are born, not made. - Entrepreneurs are gamblers. - Money is the key to entrepreneurial success. - You have to be young to be an entrepreneur- You have to have a degree in business to be an entrepreneur.
Describe your perceptions about any entrepreneurs in relation to the above myths. Are the myths true or false? Why or why not?
Explain the pros and cons of being an entrepreneur. How would you determine if an individual possesses the characteristics that it takes to creating their own business (self-direction, level of uncertainty, etc.)?
Chapter 6 Solutions
Understanding Business
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
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Similar questions
- Vaynerchuk has been quoted as saying that if you live for Friday, get a different job. How does this apply to successful entrepreneurs?arrow_forwardIn enterprenuership , discuss how you would get the right resources for a start up business?arrow_forwardEmphasis on distinctive competencies, writing a business plan, and choosing an industry in which to compete, are some of the basic strategic challenges for entrepreneurial organizations. True False please explainarrow_forward
- 1. Entrepreneurship, the concept has a huge meaning. When you hear the word, or when you think of an entrepreneur, what do you think of? 2. What do you think it takes to be a successful entrepreneur? What qualities must a person have (smart, serious, rich, etc.) to be an entrepreneur? What does it take for a person to be a successful business person? 3. If you were given one million dollars to start your own business, what are the steps you would take? What do you think you would need to start? What do you think you would need to continue to be successful? Think about how you would use one million dollars for a business idea and describe what you would do in 4-5 sentences. 4. Successful people often describe their relationships with mentors. If you could pick anyone to be your mentor in business, who would you pick and why? (It can be a celebrity, or a public figure) 5. A great business can find little success if no one knows about the company or product. What are some ways an…arrow_forward1) What can you learned about entrepreneurship and owning your own business? 2) what skills do you think a successful entrepreneurship should have? 3) what are the pros and cons of owning your own business? 4) how can both market and management factors affect the growth of a new venture?arrow_forward1. Why are businesses important in the country? In community? 2. What are the 5 steps in the pursuit of an entrepreneurial procedure? 3. What is the Imperfect competition that refers to any form of market structure other than perfect competition?arrow_forward
- What excites you about being an entrepreneur? Describe your own concerns?arrow_forwardName three traits of successful entrepreneurs and explain in detail why they are important qualities for an entrepreneur to possess. What is entrepreneurial ego? How can an entrepreneur keep entrepreneurial ego in check? Why do complex decisions often raise ethical considerations for the entrepreneur?arrow_forwardWhich skill(persuasion, leadership, personal accountability, goal orientation, and interpersonal skills) do you believe is the most important to make a successful entrepreneur? Why do you believe this skill is of such importance? What makes it more important than the other skills?arrow_forward
- in your own words, express what characteristic must an entrepreneur have. Name at least five and explain whyarrow_forward1a) Type of entrepreneurship b) Entrepreneurial skill c) Challenges as an entrepreneur in setting up business d) Environmental problems your business intend to find solution toarrow_forward1. Define the term entrepreneurship 2. If you will be the mayor/governor of your community someday, what incentives would you put into place to encourage entrepreneurship? 3. Describe the current environment for entrepreneurship. How does it differ from the environment pre-2000? 4. How do entrepreneurial ventures differ from small businesses?arrow_forward
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