2.8 Discussion Questions
- Discuss the basis for defining a target market. How does a focus on a target market assist with the development or adjustment of an idea?
- Explain the importance of being self-reflective and honest before, during, and after starting an entrepreneurial journey.
- Using the information on the steps for an entrepreneurial journey, give your own example with connections to this section’s main concepts.
- Consider the potential questions that you might ask yourself before you launch a venture. Discuss two or three questions that resonate with you and your personal experiences. Why or how do these questions influence you more than others?
- Think about yourself within the context of the “nature or nurture,” “born or made” argument. How do you feel these perspectives combine in your own potential as an entrepreneur?
- What are the similarities and differences between the life cycle stages of a person and a venture? How can these two concepts assist you in creating a successful venture?
- Consider the historical information on entrepreneurship and innovation. How does our current economy, which is based on technology and knowledge, support entrepreneurial activity?
- Consider the multiple pathways to entrepreneurship. How might your own current situation reflect a potential pathway to entrepreneurship?
- Is there a difference between a soft launch and a soft open? Why are two different terms used?
- What are the benefits of a soft launch? What are the negatives of a soft launch?
- Outline your background and training, and then discuss the importance of connecting your background and training with a potential entrepreneurial pathway.
- How does creating an action plan help you become a successful entrepreneur?
- What is the connection between an action plan and a framework? How are they different?
- Why are more individuals pursuing nontraditional entrepreneurship opportunities?
- What is the difference between an immigrant entrepreneur and a minority entrepreneur? What are the similarities?
