Week 4 – Discussion

Posted: May 28, 2011 in BUSN115ON_BO Tucker

http://www.devryu.net/ec/Courses/13775/CRS-DVUO-2148869/Flash/BUSN115/Publishervideos/Week4_Video.html

 

Note: The video will open in a new window. Click on the Play button to view it. The video includes audio, so make sure you are using a computer with sound capabilities.

After viewing the video, how would you answer the following questions?

    • Why were Captain Jim Miranda and Todd Williamson successful? Was it just their perseverance, or are there other reasons for their success?

 

    • In your opinion, what entrepreneurial attributes do Todd and Jim have? What attributes does it take to become a successful entrepreneur? Do you have what it takes to be a successful entrepreneur?

 

  • What does it take to succeed with a small business? From the Broad Reach Sails example, do you believe it helps to have some experience in the industry in which you are starting a small business?
             Captain Jim Miranda and Todd Williamson are successful becuase they are doing something that they love and are passionate about. They probably started sailing at a very young age and so they are used to it and no probably almost everything there is to know about sailing. They know what there customers are looking for and they are probably really nice and respectful to there customers. I can tell form the video that they are really friendly people so you can obviously tell that they are going to do everything to please there customers.

In my opinion, what makes them a good entrepreneur is someone who loves what they are doing, who can sacrifice a lot of there time and don’t have other obligations, they can manage there time well and be able to grow very well. These are all examples of what a good entrepreneur is.

I guess i kind of would make a good entrepreneur, but i would be afraid of taking the risks. So i would be more comfortable working in a field that i love but under either another companies or something else.

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