Chapter 2: The Entrepreneurial Mind-Set in Individuals
- The biggest surprise for me in the reading was learning about the entrepreneur's confrontation with risk. According to the reading, entrepreneurs face a number of different types of risk. These can be grouped in to four basic areas: (1) financial risk, (2) career risk, (3) family and social risk, and (4) psychic risk (Kuratko 39). Out of those four, the one that stood out the most for me was psychic risk, which is categorizes as being the greatest risk to the well-being of the entrepreneur. In situations where money can be replaced, and the people in the entrepreneur's life (family and friends) can adapt, the psychological impact has proven to not be the same and can sometimes be too severe for the entrepreneur to bounce back.
- One part of the reading that was confusing for me was analyzing the key elements of the Model of Entrepreneurial Motivation. The figure in the text showed a layout that was confusing to follow as personal charateristics, personal environment, personal goals, and business goals showed the drive, but the after-effect behaviors seemed to overlap with one another.
- The two things I would ask the author woud be:
- Have you ever personally experienced or seen the dark side of entrepreneurship?
- I would ask this question because it is interesting to hear about a more personal story that showcases the problems that may arise from the entrepreneurial ego.
- Would you say that you would be a high achiever if you were an entrepreneur?
- The characterist that is possibly the biggest drive in being an entrepreneur is the motivation to be a high achiever. I would like to hear the author's personal take on that for comparison.
- I do not think there was anything that the author was wrong about and I would not disagree with anything he said.
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