I disagree with the notion that entrepreneurs need a venture team; I think entrepreneurs can operate solo. A team structure does help raise capital, potential and safety, but in certain types of entrepreneurial ventures, it is possible to go it alone.
I would like to see more in the text about the different schools of thought, and I think I will pursue more information about the psychology of entrepreneurs. Additionally, I am intrigued by family businesses being a stronger focus of research. Does that mean family-owned businesses or businesses that serve families? There are many people I know who would say family is hardly the center of American culture nowadays so I find that dynamic interesting. Will we see more "Gazelles" catering to young Americans who no longer feel a social pressure to have children and instead live bachelor/bachelorette lifestyles?
Offhand, the only thing I disagreed with in the reading was the disputing of the myth that entrepreneurs are gamblers. Perhaps entrepreneurs are not extreme risk takers, but they do gamble. My great grandfather is the perfect example. The land he bought could have been worthless, even in the long term. He planned his investment, and considered the location and potential before purchasing, but well thought out plans can also fail.
Our environments are constantly changing. For example, real estate prices in the early 2000s were on the rise, spiking severely in some areas. The housing bubble burst and left many upside down in their homes. Similarly, the recent fluctuations in the Chinese economy have wreaked havoc on investments (though they have positively influenced our mortgage rates). Entrepreneurs have to stay informed and move quickly.
No comments:
Post a Comment