CH7_Entrepreneurship - Instructors Manual, Chapter 7 1...

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Unformatted text preview: Instructors Manual, Chapter 7 1 CHAPTER 7 ENTREPRENEURSHIP KEY STUDENT QUESTIONS The revisions to Chapter 7 address some of the questions students have about entrepreneurship directly. For example, the three questions most often asked by my students include: T 1. What does it take to be successful as an entrepreneur? 2. Where can I get ideas for an entrepreneurial venture? 3. Who can help me to write a business plan? Question 3 opens a whole series of nuts and bolts questions about starting a business, including things like Where do I go to get a business license? What are the advantages and disadvantages of having a home-based business? etc. While these kinds of details are beyond the scope of the class, it is useful to have resources to give to students. Some of the ones that I have used in the past include: U.S. Small Business Administration ( ) In addition to offering a wealth of information about starting and running a small business, the SBA also sponsors SCORE - the Service Core of Retired Executives. ( ) SCORE offers free counseling to small business owners and budding entrepreneurs, and their help can be invaluable in getting a business off the ground. U.S. Chamber of Commerce ( ) The U.S. Chamber of Commerce also provides a wealth of information for entrepreneurs. In particular, their toolkits on everything from office management to sales and marketing to government contracting, can be useful in helping to get a small company up and running. Local chambers of commerce will often sell business startup kits that contain all of the forms a small business owner needs to register his or her business name, obtain a business license, etc. The Business Owners Idea Caf ( ) is a little difficult to navigate, but it contains tips and advice from working entrepreneurs. Students may find a site like this helpful not only for information, but for support and building a sense of community. CLASS PREWORK ASSIGNMENT n EXERCISE 7.1 - TAKE AN ENTREPRENEUR TO DINNER Objectives 1. To get to understand what an entrepreneur does, how she or he got started, and what it took to succeed. 2. To interview a particular entrepreneur in depth about her or his career and experiences. 3. To acquire a feeling for whether you might find an entrepreneurial career rewarding. Student Discussion Question 8: Conduct interviews with two entrepreneurs, asking whatever questions most interest you. Share your findings with the class. How do the interviews differ from one another, and what do they have in common? C The McGraw-Hill Companies, Inc. 2 Management: Leading and Collaborating in a Competitive World, 8 th E Sample Response The individual entrepreneur selected in my area is Charles Craft, an owner/operator of a Dairy Queen franchise. The appointment should have sufficient lead-time to develop interview questions....
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CH7_Entrepreneurship - Instructors Manual, Chapter 7 1...

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