1. Based upon the information provided in class on the traits and characteristics of entrepreneurs, evaluate whether you fit the stereotype. Explain.
Based upon the material we have covered in class on different types of entrepreneurs. I would consider myself as a Habitual entrepreneur, because I would like to start one business. The reason is, I think if I started on I could focus more on one thing. Also I wouldn’t want to sell something I worked on so hard to start. Plus if it was something I enjoyed I would probably do it for the rest of my life.
2. Reflect on the family, educational background, entrepreneurial personality, and career patterns of Cornelius Vanderbilt. Analyze the important tactics used to achieve success. …show more content…
Morgan, his father was a very rich man. This allowed for money for business ideas that J.P. Morgan, his father would help with investing money. His entrepreneurial personality was that he was always trying to find the next thing to turn into a business and make money off of it. Example investing in electricity when his dad was totally against it. His strategies of buying businesses and also by buying stocks in certain business was very smart. He would make offers that no one could resist. Example buying Carnegie steel when everyone thought that he would never sell. I think his strategies were very smart moves and worked very well for him. My impression of him was he would look at things and be able to see the opportunity and that is what made him who he …show more content…
Discuss the competition between Carnegie and Rockefeller in late life. Who won?
I feel that Rockefeller won the competition just in sense of what he was still able to do in his later life. Even though his business was split up, he was still able to use it to his advantage. If we think of terms of just finally being able to take a step back and just relax I feel that Carnegie won there because he sold off his business. He probably was finally able to look at his life and focus on things that make him happy.
13. Reflect on your experience watching The Men Who Built America. What have you learned? Have you learned anything about history? Have you learned anything about entrepreneurship? Share with me your thoughts.
My experience of watching the movie The Men Who Built America, was very pleasant. I really enjoyed the movie, I felt like it was a great tool to learn from. We should all know about the history of America and who the men were that built it. I learned about entrepreneurship from them in terms of you cannot give up, and always have a strong will. If these men could do the things they have done with the limited education and funding than I feel like anything is