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SA - Lesson 1 What & Why

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Q INTRODUCTION TO ENTREPRENEURSHIP LESSON 1: WHAT & WHY SHORT ANSWER: 15 pts Please answer the following questions. Type up your answers and save your file to your computer. Upload your answers into the corresponding assignment drop box. Remember to type your name on the answer sheet. Also, remember to use a Microsoft Word or PDF file format. 1.What is the difference between a small business owner and an entrepreneur? Are there situations where a small business owner is not an entrepreneur or vice versa? (5 pts) 2. How might a country’s culture and traditions influence entrepreneurship. (3pts)3. Evaluate and explain whether you think that entrepreneurship is a viable career choice. (2 pts)4. How would you define and determine success? (5 pts)

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There can be small business owners being entrepreneurs or not entrepreneurs depending upon their roles, level of risk-taking and decision-making setup or infrastructure. There can be some entrepreneurs who might be owners of small businesses. The status quo will not be accepted by entrepreneurs. However, the status quo will generally be accepted by small business entrepreneurs. The view of entrepreneurs on business is of long-term. However, the view for small business entrepreneurs is of short-term.