Question
A)Consider the following four individuals, and discuss whether i) Dothey fit each of the three classic definitions of an entrepreneur? ii) Could they be described
A)Consider the following four individuals, and discuss whether
i) Dothey fit each of the three classic definitions of an entrepreneur?
ii) Could they be described as a necessityor opportunity entrepreneur?
1. Nick is a social media influencer who produces and publishes his show on youtube and other platforms, using his equipment at home.
2. Lisa is attending university. She is also an experienced financial security day trader (such as stocks, options and Cryptocurrencies). She can financially support herself (tuition and living expenses) with the gains from trading.
3. Chris is a dentist with his own dental practice.
4. Mike was a software programmer at a large IT firm, designing and developing his games in his spare time. He was recently laid off by the company and is pursuing a career as an independent game developer.
B)Briefly discuss the likelihoodof these individuals starting their own businesses. Describe what makes them more or less likely to be an entrepreneur.
1. Susan is a 45-year-old female, never married. She worked many different jobs across several industries over the last 20 years after graduating from university. Her old bosses and colleagues describeher as a fast learner and self-starter. However, she doesn't work well with others, and she especiallydoes not like following others'directions. She was recently laid off from his last job.
2. Mike is a 30-year-old male married with one child. He studied music at University, although he never worked in the field. His mother inherited a troubled family business when Mike was very young but successfully turnedit around and made it one of the most successfulones in the industry. Mike was at the family business a lot while growing up and worked there part-time during his high school years.
3. Jason is a 30-year-old high school dropout. He has worked in the construction industry since he was 18. He has been described as a very hard worker and a friendly perso . He built many relationships with customers, former bosses/colleagues, and suppliers. He is also i volved in severalprofessional associations in the industry.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started