Sunday, January 24, 2016

Week 3: Reading Reflection

In reading chapter 3 from the textbook, I am a little bit surprised that team building is a listed quality of an entrepreneur. I say this only because just thinking about an entrepreneur, you think of the individual who created what ever it is that they created. You don't really stop and think of all of the resources (the team) that they had to put together to make the entrepreneurial idea take off.

I am not entirely sure why the author uses profit motive as a measurement of risk for an entrepreneur. In class, I believe we said that profit is not really what the entrepreneur is seeking. Of course, why would someone create something that will not make money, but, that is not the idea. I think rather than calling it a profit motive, maybe thinking of it as capital to do another project. An entrepreneur only has so much capital to get an idea off the ground. If they use all of it on something that may they determine to be likely to fail, maybe put less money into it, or not do it at all.

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