Week 6 Journal
1. One business that has been created is Y Combinator, it provides seed funding, mentorship, and resources to early-stage startups for people. Another is Kauffman Foundation, promoting entrepreneurship and advancing education in the field. The third one is Shopify; this is an e-commerce platform that can help entrepreneurs set up and manage their online stores….
Week 5
1. At ODU, the connections between the disciplines addressing entrepreneurship are multifaceted. Entrepreneurship draws from a range of academic fields, including business, economics, engineering, and innovation. These disciplines converge to foster a holistic understanding of entrepreneurship. Business and management disciplines equip students with fundamental skills in finance, marketing, and strategic planning, while fields like engineering…
Week 4
1. Entrepreneurs can get into legal trouble for various reasons. Some common factors include lack of knowledge or understanding of business regulations and laws, unethical business practices, financial mismanagement, fraud, and failure to comply with tax laws or industry-specific regulations. In some cases, entrepreneurs may also face legal challenges due to disputes with partners, employees,…
Week 3
Ethics plays a huge role in entrepreneurship with helping improving business reputation. I think a key role that comes from this is your reputation that you build from this and trust within clients. A strong ethical foundation helps build and maintain a positive reputation and trust with customers, employees, investors, and the broader community. Trust is…
Week 1
1. Am I an entrepreneur? I do think in some ways I am an entrepreneur with the way I think and make choices. I am always looking for a way to generate money in different ways than others would. This could be from thinking of buying a vending machine and placing it on a college campus which…
Week 2
1. Design thinking can be described as a type of innovation that would allow you to design a type of solution for end users. Within design thinking in my opinion there are 5 parts to this process. The 5 parts to this process are define, ideate, prototype, test, and empathize. Some examples of design thinking…