Business Ownership

Question 1

This week we talked about entrepreneurs and how they get ideas and how they find opportunities.

Think of 2 real world entrepreneurs – 2 different people.

Discuss how 1 of these entrepreneurs took a great idea and turned it in to a successful business. What was the key to their success?

Discuss how the other entrepreneur found an opportunity in the marketplace and how they turned that opportunity in to a successful business. What was the key to their success?

(200 word minimum post) PLEASE DO NOT EXCEED 300 WORDS

Question 2

Reflect on the contributions to society of small businesses and consider two (2) benefits and drawbacks of small business ownership. Next, address the question, “Should employees be encouraged to follow the path of entrepreneurship?” Justify your response.Consider small business’s social responsibility to employees, customers, investors, the community, and the environment. As a small business owner, discuss what you would do to meet the ethical and social responsibility goals in your company. Provide specific examples to support your response.