Week 2 Reading Reflection

What surprised me the most in Chapter 1 was the point the author made when he said there was a difference between entrepreneurs and small-business owners.  I always thought that they were the same thing.  Although they have some similarities, they also have some key differences.  For example, small business owners are not necessarily focused on growth.  They may prefer a more stable approach to running their business.  Entrepreneurs strive for growth and profit.

A part of the reading that confused was when the author said that gazelles do not survive.  Gazelles are business establishments with at least 20 percent sales growth every year for at least five years, starting from a base of $100,000.  From that definition, they sound like they would be successful.

I would ask the author why gazelles do not survive, because I do not understand how a business that grows for its first five years fails.  I would also ask the author how one could learn about entrepreneurship if they do not go to college.  I am curious about this because many people in America cannot afford to go to college.  I would like to know if these people still have the ability to become successful entrepreneurs.

I did disagree with one of the myths of entrepreneurship that the author brought up.  The myth was that all entrepreneurs need is luck.  I do not think that this is a myth.  Being in the right place at the right time is huge in entrepreneurship.  I have seen many worthy businesses fail, while inferior businesses succeed.  Sometimes it is better to be lucky than good.

Bug List

1. It bugs me when I have to do laundry.  This bug exists because clothes get dirty when you wear them.
2. It bugs me when I order California Chicken Grill, and the delivery driver forgets to bring my rice.  This bug exists because the employee might be new to the job.
3. It bugs me when people do not use their turn signal when they are driving.  This bug exists because a lot of people think that it is necessary.
4. It bugs me when my apartment has fire drills in the morning.  This bug exists because the fire alarm is very loud.  However, fire drills are very important for safety.
5. It bugs me when the temperature outside is below 60 degrees.  This bug exists because Gainesville tends to get cold in the winter.
6. It bugs me when my phone runs out of battery.  This bug exists because I forget to charge my phone.
7. It bugs me when teachers assign a lot homework on the weekends.  This bug exists because homework is an essential part of school.
8. It bugs me when the water from the water fountain does not taste good.  This bug exists because there could be something wrong with the filtration process.
9. It bugs me when there is a lot of traffic at around 5 o’clock.  This bug exists because 5 o’clock is when a lot of people get out of work.
10. It bugs me when there is a crying baby on an airplane.  This bug exists because sometimes parents need to travel with their child, and the baby could be scared of the noise of the plane.
11. It bugs me when my favorite T.V. show has commercial breaks.  This bug exists because companies need to advertise their product, and TV networks make money from it.
12. It bugs me when DirecTV loses signal when it rains.  This bug exists because DirecTV because bad weather affects the satellite.
13. It bugs me when the power goes out during a storm.  This bug exists because I use electricity all the time.
14. It bugs me when my laptop freezes.  This bug exists because I am used to my computer being fast and efficient.
15. It bugs me when people cut me off when I am driving.  This bug exists because some people are in a hurry when they are driving.
16. It bugs me when my headphones break.  This bug exists because I listen to music a lot, and they get old after a while.
17. It bugs me when the gym is crowded.  This bug exists because there are a lot of people that enjoy working out.
18. It bugs me when I have to complete an assignment in a short amount of time.  This bug exists because I tend to procrastinate.
19. It bugs me when I have been using a bar of soap in the shower for a while, and it keeps getting smaller until it is impossible to use.  I must then throw away the little piece.  This bug exists because I hate wasting things.
20. It bugs me when I am traveling, and my flight gets delayed.  This bug exists because sometimes weather conditions can affect the departure and arrivals of planes.

I found it difficult to think of 20 things that bug me.  I am a pretty easy going guy, so there are not a lot of things that annoy me.

My Entrepreneurship Story

A time when I met entrepreneurs was when I visited a new local ice cream store.  The store was called Chill-N.  The business was created by two college students at the University of Miami.  The entrepreneurs created the ice cream in their garage using liquid nitrogen.  It was such a unique idea.  The best part of all was that the ice cream was delicious!

I enrolled in ENT3003 because I thought it would be the most interesting and beneficial elective I could take out of the choices I was given.  I hope to learn more about what it takes to be an entrepreneur.

Introduction

Hello everyone!  I'd like to use this post to tell you guys more about myself.  My name is Tyler Murton.  I was born and raised in Miami, Florida.  Back in Miami, I live with my mother and father.  My dad is from Cleveland, Ohio, and my mom is from Trinidad and Tobago.  I have visited both of these places multiple times, and I always enjoy traveling to see the rest of my family.
I am now living in Gainesville and attending the University of Florida.  I am a second year Sport Management major.  When I graduate, I hope to work for a professional sport team or league.  I am eager to get to know everyone this semester!

Entrepreneur's Mantra