1. What are the main characteristic to be an entrepreneurs like Fraser Doherty?
The main characteristic to be entrepreneurs like Fraser Doherty is passion and desire to success which is he always come out with new idea and trying to generate their idea. Fraser Doherty was passionate about their product about getting things right for the customer especially. Second he is visionary person, he have faith in what he is trying to do. Doherty tends to not get too bogged down in the fine detail of day-to-day business. Third, energetic and driven which means he prepared to work consistently long hours, especially in the early stages. Entrepreneurs should tend to take the initiative, spotting opportunities early and taking decisions quickly. Lastly, persuasive, entrepreneurs are good at bringing other people and businesses along with the idea, persuading suppliers to supply a new business, or an employee to leave a current job and join the start-up
2. From the case study how you define word entrepreneurship?
From this case study word entrepreneurship is define as person who are not give up and always trying to repair their own product until successful. They will not simply early satisfied because want to generate something who are outstanding. He also patient to wait until their business was extremely successful.
3. What are the challenges that Doherty faced in jam-making business?
The challenges that Doherty faced in jam-making business is faced number of challenges while he was making a hundred of jars of jam in his parents kitchen, so his parent were struggling to get into a cook dinner. Then, when Doherty did some research and found sales of jam had been decline for the past few decades.
CHAPTER 2
1. Please discuss Arish Rangnekar’s business idea and explain how does it work?
Arish Rangnekar’s business idea was to makes GMAT in iPhones application the reasons is students wouldn’t have to carry the heavy study books around. Second because