Sunday, January 24, 2016

Week 3 Reading Reflection

1. The biggest suprise in the reading was the high levels of self-destruction that Entreprenuers have to surpass to be sucuessful. It was very surprising to see how many things entrepreneuers have to battle in order to maintain their well being. I knew being a sucuessful entreprenuer is hard because of the factors of time, and money, but I never considered the mental tole that being an entrepreneuer can have on a person.

2. One part of the reading that confused me, was how an entreprenuer can entrapt himself or herself with unrealistic optimism. Being in the business world, we have to maintain ourselves to be able to think analytically at certain situations and see the numbers while putting our feelings aside. Its hard to imagine how desperate a person becomes to which they disregard all there teachings and believe only what they want to believe. 

3. Entreprenuers go under a lot of calculated risks. What type of methods do entreprenuers go about taking these risks and what are the correct processes to analyze risk? I ask this because this factor is one of the most important factors in being a sucuessful entreprenuer. If you know your risk, you can acurraltely measure whether or not to strike upon a certain opportunity when it arises. A second question I would ask is, is managing stress one of top attributes to being a sucuessful entreprenuer? Because entreprenuership has many chances wear money can be lost, it can be a very stressful field. So does this mean that people with different personalites are better suited for being an entreprenuer?

4. Most of the stuff presented in this chapter did not seem up to debate, but rather self-explanatory. That being said, I do not disagree with anything the author said in particular in this chapter.

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