1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
One of the biggest surprises to me was that entrepreneurs need for money was presented as a myth. All entrepreneurial ventures will eventually need capital to front their business venture. An entrepreneur can have an idea with little backing but they will eventually need to find a source of money for their business plan to succeed.
2) Identify at least one part of the reading that was confusing to you.
I was confused by the dynamic states approach. The dynamic states model depicts ventures being dependent on their environment for survival. I was confused by how the dynamic state is able to convert opportunity tension into value.
3) If you were able to ask two questions to the author, what would you ask? Why?
I would ask:
What's the most important resource to a company? cash, research, etc. I would ask this to see his entrepreneurial opinion as to what he values most.
What is the hardest part about entrepreneurship? I would ask this as a guide to see where I should focus entrepreneurial outlook.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
I was confused and also surprised during the readings on the impact of gazelles. I'm surprised that new and smaller firms create the most jobs in the U.S. economy. I find this hard to believe because these new and smaller companies are usually small business owned which means few employees and may not generate a lot of capital.
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