What Counts?" Step 1. Listed below are several qualities that experts suggest are required to be a successful entrepreneur. Rank the items from 1 to 8 in order of what you personally think is most important to least important successfully starting a business. ________ Be motivated to the point of sacrificing your finances and lifestyle for several years. 2. _______ Enjoy all aspects of running a business, from accountant to receptionist. 3._______Have support from a mentor, business partner, or significant who can supply a sympathetic ear or expertise that you don't have. 4. _______ Be personally persuasive and well spoken. 5. _______Have an idea or concept that you are absolutely passionate about. 6. _______Be a self-starter o wait to make things happen. 7._______ Be comfortable making decisions on the fly without good data. 8. _______ Possess a track record of successfully implementing your own ideas. Step 2. In of groups of three to five students, each person shares his or her individual ranking and reasoning. Step 3. Discuss rankings as a group and arrive at a single ranking for the group as a whole. Step 4. Discuss the questions in the group; What accounted for the differences in rankings by group members? Would the ranking differ depending on the type of business to be started? Does the ranking vary by gender? What would motivate you to start a business? Which quality on this list would be your strongest?

BuyFind

Management, Loose-Leaf Version

13th Edition
Richard L. Daft
Publisher: South-Western College Pub
ISBN: 9781305969308
BuyFind

Management, Loose-Leaf Version

13th Edition
Richard L. Daft
Publisher: South-Western College Pub
ISBN: 9781305969308

Solutions

Chapter
Section
Chapter 6, Problem 1SGB
Textbook Problem

What Counts?"

Step 1. Listed below are several qualities that experts

suggest are required to be a successful entrepreneur. Rank

the items from 1 to 8 in order of what you personally

think is most important to least important successfully

starting a business.

________ Be motivated to the point of sacrificing your finances and lifestyle for several years.

2. _______ Enjoy all aspects of running a business, from accountant to receptionist.

3._______Have support from a mentor, business partner, or significant who can supply a sympathetic ear or expertise that you don't have.

4. _______ Be personally persuasive and well spoken.

5. _______Have an idea or concept that you are absolutely passionate about.

6. _______Be a self-starter o wait to make things happen.

7._______ Be comfortable making decisions on the fly without good data.

8. _______ Possess a track record of successfully implementing your own ideas.

Step 2. In of groups of three to five students, each person shares his or her individual ranking and reasoning.

Step 3. Discuss rankings as a group and arrive at a single ranking for the group as a whole.

Step 4. Discuss the questions in the group; What accounted for the differences in rankings by group members? Would the ranking differ depending on the type of business to be started? Does the ranking vary by gender? What would motivate you to start a business? Which quality on this list would be your strongest?

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Chapter 6 Solutions

Management, Loose-Leaf Version

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