What stood out to me in the reading is how entrepreneurship was identified only by economists until the 1950s. I personally believe entrepreneurship is more identified with individuals of business, however, this reading makes me think otherwise now. Now I see entrepreneurs as a combination of businessmen/women and economists because entrepreneurship centers around creating products from ideas and then driving it to consumers in the most effective and profitable way. What also stood out to me in the reading is how entrepreneurs are considered the heroes of free enterprise!
Something in the reading didn't resonate well with me. Entrepreneurs typically are involved in almost every aspect of their ventures and they usually have multiple ventures -- they have a number of "balls in the air" simultaneously. The reading made it seem as if time management (including prioritizing) takes a backseat in the entrepreneurial world. Entrepreneurs need to learn how to balance all of their ventures properly and prioritize them.
Two questions I would like to ask the author are:
- What is the one key characteristic entrepreneurs must have?
- Why do most individuals who are actually entrepreneurs call themselves business owners?
I understand entrepreneurs should have a multitude of positive qualities that make them successful but I would like to know which one is the most crucial. I also understand the differences between an entrepreneur and a man or woman of business, but I would like to know why more people don't call themselves entrepreneurs when they are! Is there some sort of rite of passage they don't know about?
I don't think the author was wrong about anything really. I'm assuming she's the expert here, since she did write the book. This first reading was enjoyable and I'm looking forward to the upcoming readings!
Update: I'm still relying on spell check when I type the words entrepreneur, entrepreneurship, and entrepreneurial. Maybe Week 3 will bring me success!
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