Journal: Entrepreneurship
- 2b Discuss the potential of a business to be profitable, when considering legal form of business, tax rates, and break-even analysis (CLO 3)
Welcome back to your journal! In this section, we discussed the impact of small businesses and entrepreneurship. Do you think entrepreneurship is right for you? Think about it and write a response to this question in your journal: Do you have what it takes to be an entrepreneur?
To find out, start by reviewing the following list of characteristics commonly attributed to entrepreneurs. Entrepreneurs are creative people who accomplish extraordinary things because they're passionate about what they're doing. They are risk-taking optimists who are committed to working long hours to reach their goals. They take pride in their work and derive satisfaction from doing something they enjoy. They have the flexibility to adapt to changing situations to achieve their goals. Additionally, entrepreneurs usually start small. They begin with limited resources and build their businesses through personal effort. Ultimately, their success depends on their ability to manage and grow the organization they created to implement their vision.
Now, using the following three-point scale, indicate the extent to which each of these attributes characterizes you:
- It doesn't sound like me.
- It sounds like me to a certain extent.
- It sounds a lot like me.
Based on your responses, do you think you have the attributes of an entrepreneur? Do you think you could be a successful entrepreneur? Why or why not?
In case you didn't copy the journal from Section 1.1, you can use this document as your journal.