Sunday, January 17, 2016

Week 2 Reading Reflection

I think that the biggest surprise for me from the reading was the term of Gazelles especially since I did a study abroad in Ireland and the focus was entrepreneurship but I never heard of the term, but I liked it and it is interesting how impressive the business the businesses that are Gazelles are.

One part that was confusing is how the author says some contradictions in which he says that entrepreneurs organize, manage and assume risks but he also says that entrepreneurs take risks beyond security and as I came to understand this is that they both calculate risks and take huge risks. To me those two do not go together because once you calculate a risk you might become afraid of it so it is better to just take the risks without calculating them.

I think the author was wrong in the part that the he says that small business owners and entrepreneurs are different but I believe that small business owners can also be entrepreneurs and many actually are. I am not saying that every small business owner is an entrepreneur but they are more closely related to each other than them being different.

The two questions I would ask the author would be:

1. How did he came up with his definition of an entrepreneur? Out of the many people I have talked about entrepreneurship, they all have a different idea and definition of what an entrepreneur is, so I would like to know how he came up with his definition.

2. How many of the start-ups actually become large corporations or business? (I am not sure if I missed this when reading) 

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