Who Can be an Entrepreneur?
Table of Contents Page
1. Image café 1-4
2. Lakota Hills 5-8
3. Roxanne Quimby 9-11
4. Overview on the 3 case studies 11
4.1. Literature Study 11-12
4.2. Own experience 13
5. Roxanne Quimby - Risks, Rewards and Trade-offs 14-17
6. Analyse and Assess Lakota Hills opportunity 18-21
7. Discussion on Bootstrapping Resources 22
8. References 23
1. Image café
1.1 Who can be an entrepreneur?
In this case study it is evident that a person with entrepreneurial characteristics and work habits can be an entrepreneur. Entrepreneurs can be anybody, situated anywhere irrespective, gender, race or creed. They are people who possess multi-faceted skills and knowledge base but most off all an intense passion to create wealth through their ideas and creativity. Like Wooten, the outlook is tempered by past experiences whether it is positive or negative. Wooten possess qualities of an entrepreneur in that he has the ability to deal with risk, results oriented, energy, growth potential, team player, multi-tasking ability and he is improvement oriented. 1.2 Critically assess the suitability of the lead entrepreneur to succeed in their respective business venture. Wooten has many positive attributes:
a) Is able to adapt quickly to different situations.
b) Has people skills and was comfortable around people.
c) Motivated to create wealth
d) He was driven and seeked stability
e) Ambitious
f) Great intellect
g) He was a good listener and tried to apply the knowledge he gained h) Desire to create and make money
i) Efficient use of technology
j) Networking abilities
k) Results orientated
l) Great vision and business acumen
m) He has a great desire to develop his financial knowledge
Wooten was financially driven. Nothing else except wealth interested him. He wasn’t interested in long term financial gain. He wanted it now. The decisions he made were solely based on how much of
1. Image café 1-4
2. Lakota Hills 5-8
3. Roxanne Quimby 9-11
4. Overview on the 3 case studies 11
4.1. Literature Study 11-12
4.2. Own experience 13
5. Roxanne Quimby - Risks, Rewards and Trade-offs 14-17
6. Analyse and Assess Lakota Hills opportunity 18-21
7. Discussion on Bootstrapping Resources 22
8. References 23
1. Image café
1.1 Who can be an entrepreneur?
In this case study it is evident that a person with entrepreneurial characteristics and work habits can be an entrepreneur. Entrepreneurs can be anybody, situated anywhere irrespective, gender, race or creed. They are people who possess multi-faceted skills and knowledge base but most off all an intense passion to create wealth through their ideas and creativity. Like Wooten, the outlook is tempered by past experiences whether it is positive or negative. Wooten possess qualities of an entrepreneur in that he has the ability to deal with risk, results oriented, energy, growth potential, team player, multi-tasking ability and he is improvement oriented. 1.2 Critically assess the suitability of the lead entrepreneur to succeed in their respective business venture. Wooten has many positive attributes:
a) Is able to adapt quickly to different situations.
b) Has people skills and was comfortable around people.
c) Motivated to create wealth
d) He was driven and seeked stability
e) Ambitious
f) Great intellect
g) He was a good listener and tried to apply the knowledge he gained h) Desire to create and make money
i) Efficient use of technology
j) Networking abilities
k) Results orientated
l) Great vision and business acumen
m) He has a great desire to develop his financial knowledge
Wooten was financially driven. Nothing else except wealth interested him. He wasn’t interested in long term financial gain. He wanted it now. The decisions he made were solely based on how much of
References: Allis,R.P. 2008.Zero to One Million in Sales. New York: McGraw Hill.38p. Braum,J.R., Frese,M., Baron,R. 2007.The Psychology of Entrepreneurship. New Jersey:Lawrence Erbaum Publishers.267p. Gulati,P.2000.Social Studies. New Delhi: Tata McGraw Hill.94p. Gundry, K.L., & Kikul, R.J., 2007. Entrepreneurship Strategy. New York: Sage Publications.4p. Kirk,J.L.2007. The Parentpreneure Edge.New Jersey:John Wiley & Sons Inc.251p. Kumar,S.A.2008. Small Business and Entrepreneurship. New Delhi: I.K International Publishing.39p. Nagendra.S. & Manjunath, V.S.2008. Entrepreneurship and Management. Bangalore: Sanguine Technical Publishers.148p.