Something that really surprised me about this reading was the fact that entrepreneurs don't need a lot of money to be successful. When I think about an entrepreneur, I imagine someone who came from humble beginnings and became lucky when it came to finances. I believed that successful entrepreneurs needed to have access to a lot of money because otherwise, no one would know about their product or service. Product materials, marketing tactics, and even employment all take a great amount of financing to keep a business afloat. Reading about this myth has made me realize that it in fact does not take a lot of money to be an entrepreneur; you just need to be able to organize your money in a way that benefits the company.
Something that confused me about the reading was Figure 1.2: An Integrative Model of Entrepreneurial Inputs and Outcomes. Looking at the chart, the process is a little confusing for me. What would an entrepreneur have to put in to get better results out of his or her company?
If I was able to ask two questions to the author, they would be 1) If someone had an innovative idea they wanted to bring to life as a business, what would be the best way to get started, and 2) How is social media affecting the world of entrepreneurship? It would be interesting to know the answers to these as we further our education and come up with innovative ideas in the process.
Something I disagree with the author about would be that entrepreneurs are not gamblers, but instead "calculated risk-takers." I think in order to be an entrepreneur, you need to have a bit of a gambling mentality. You never know if your product or service will be successful, all you can do is experiment with different tactics and see what works. There is no way to know 100% of the time that something will work; sometimes you have to go for it and see what happens.
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