Week 2 Reading Reflection

Week 2 Reading Reflection

The biggest surprise I got from this weeks reading is that the commonly perceived notion that most entrepreneurial ventures fail is in fact a myth. Especially today it seems very difficult to launch a new venture, as there is so much already out there and so many resources that new markets become flooded so fast. Which is why to read that between 1977 and 1993 only 18 percent of businesses actually failed, was surprising to me. Though when reading about the corridor principle things become more believable, as all ventures lead to more opportunities.

One part of the reading that I felt wasn't totally clear was the part on the "Entrepreneurial Assessment Approach". I feel as if the reading did not provide a clear understanding of what the entrepreneurial assessment approach revealed about entrepreneurial ventures.

If I were able to ask the author two questions about the reading I would like to know which are of the macro school of thought has the biggest impact on entrepreneurial ventures and what factors he felt most helped mold entrepreneurs.

I think one thing that I disagree with the author about is that entrepreneurs are made and not born. While I do think that aspects of entrepreneurship can be taught, I still feel that their our certain type of people that are born with the necessary trait to utilize what can be taught in the most efficient fashion, and in turn become the most successful entrepreneurs.