1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
Nothing specifically came as a surprise (although the 600 thousand new firms and 375 patent applications per year initially surprised me, in hindsight it made sense), however the all the little details combined were almost overwhelming to me. The finite details of a new venture start up and all that needs to be accounted for. It almost makes me feel as if I don't want to leap into the whole mess (likely because I still have to learn all the details to everything).
2) Identify at least one part of the reading that was confusing to you.
The feasibility approach and its specific activities were confusing simply because I do not understand many of the criteria that were stated. I have yet to learn about finance and marketing feasibility in school therefore I was not able to properly understand many aspects of the feasibility approach.
3) If you were able to ask two questions to the author, what would you ask? Why?
-With all the steps needed towards a venture start up, do you think it is worth it to leave a steady income in order to start up a company?
-Is it crucial that an entrepreneur understands every aspect of things outlined in the chapter? Or is "learning by doing" okay as well?
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
In regards to the "Phases in New-Venture Start-ups", the author says the Poststart-up Phase ends with the venture is terminated or the entity is no longer controlled by an entrepreneur. I disagree with the latter portion. An entrepreneur can have complete control of his/her company and still have it deemed successful.
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