DISCUSSION QUESTIONS M .0751"le \\I 10. 11. 12. 13. 14. 15. 16. .On a 1 to 10 scale, what is your level of personal interest in becoming an entrepreneur? Why did you rate yourself as you did? . How would you assess your capability of being a successful entrepreneur? What are your strengths and weaknesses? How would you increase your capability? Most entrepreneurs use their own savings or borrow from family and friends to launch a startup. How much capital could you possibly raise? Identify and discuss new ventures that fit each of the four cells in the entrepreneurial strategy matrix. Brainstorm a list of ideas for new business ventures. Where did you get the ideas? Which ones are most and least viable, and why? Identify some businesses that recently opened in your area. What are their chances of survival, and why? How would you advise the owners or managers of those businesses to ensure their success? . Assume you are writing a story about what it's really like to be an entrepreneur. To whom would you talk, and what questions would you ask? . Conduct interviews with two entrepreneurs, asking whatever questions most interest you. Share your findings with the class. How do the interviews differ from one another, and what do they have in common? . Review Exhibit 7.1. Which myths did you believe? Do you still? Why or why not? Interview two entrepreneurs by asking each myth as a trueor false question. Then ask them to elaborate on their answers. What did they say? What do you conclude? With your classmates, form small teams of skunkworks. Your charge is to identify an innovation that you think would benefit your school and to outline an action plan for bringing your idea to reality. Identify a business that recently folded. What were the causes of the failure? What could have been done differently to prevent the failure? Does franchising appeal to you? What franchises would most and least interest you, and why? The chapter specified some of the changes in the external environment that can provide business opportunity (technological discoveries, lifestyle and taste changes, and so on). Identify some important recent changes or current trends in the external environment and the business opportunities they might offer. Choose an Internet company with which you are familiar and brainstorm ideas for how its services or approach to business can be improved. How about starting a new Internet company altogetherwhat would be some possibilities? Find some inspiring examples of social entrepreneurship and describe them to your class. Brainstorm some new ideas for a social enterprise. What challenges do you foresee, and how would you proceed