What should the first-time entrepreneur know before they launch?” Based on this chapter, what should entrepreneurs know before they commit to launching their firm?

Introduction to Entrepreneurship

Assignment for class – MGT 330 – Entrepreneurship
Textbook: Entrepreneurship: Successfully Launching New Ventures, 6th Edition. Barringer and Ireland. Published by Pearson/Prentice-Hall.

1. Read Chapter Notes (attached) – Introduction to Entrepreneurship
2. Chapter Reflection/Summary (600 words):
• A summary of the main chapter points (500 words) using your own words and a brief (100 word) personal reflection of what was personally most interesting or useful to you from the chapter.
3. Answer the Application Question below (500 words):
• One question that is often asked by people thinking about launching an entrepreneurial venture is “what should the first-time entrepreneur know before they launch?” Based on this chapter, what should entrepreneurs know before they commit to launching their firm?