Reference no: EM133294341

Scenario

Wanda comes to you because she is discouraged and needs to talk. Her parents have heard she is thinking of expanding her business and even possibly taking out a second mortgage on her home to fund the expansion. They have never been overly supportive of her business, but as long as it seemed like a hobby, they didn't have much to say. Recently Wanda's mother expressed strong reservations about Wanda taking such a large step. This made a big impression on Wanda. She tells you she doesn't want her business to cause a rift in the family. Perhaps she should take her parents' advice and just forget expanding the business. Moreover, she doesn't understand why her parents aren't as excited about the prospects for the business as she is.

Discussion

1. Using what you know about entrepreneurs, why would Wanda's parents not see things the way that she does? What positive characteristics of entrepreneurs is Wanda exhibiting?

2. Do you know an entrepreneur personally? If so, what characteristics do you see in entrepreneurs that you have to presume Wanda shares? If you don't know an entrepreneur, then look to the world of business and use one about whom you can do little research. Some examples of famous entrepreneurs are Sir Richard Branson (Virgin Wireless, Virgin Galactic), Elon Musk (Tesla), Oprah Winfrey (the "O" Brands). What characteristics do you think these famous entrepreneurs probably share with Wanda?