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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Entrepreneurial Firm

Entrepreneurial Firm

Q Karen Jenkins has a good job working for the city of Rapid City, South Dakota, but is weary of 2 percent (or less) per year pay raises. Because she has read magazine articles about young entrepreneurs becoming extremely wealthy, she decides to start her own firm. Do you think Karen is starting a firm for the right reason? Do you think the money she likely will earn will disappoint her? Do you think Karen’s reason for starting a firm will contribute in a positive manner or a negative manner to the tenacity that is required to successfully launch and run an entrepreneurial firm?

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No, I do not think Karen is starting a firm for the right reason. From the provided textbook, it has been observed that in order to become a successful entrepreneur, money earning is nothing but secondary. The major thing should be the passion for starting a business and Karen lack that passion. Therefore, she will not make a potential entrepreneur.