Reference no: EM133118406

Entrepreneurs/entrepreneurship is a driving force of the U.S. economy. It has also provided great personal wealth to a host of entrepreneurs, past and present, who have dared to risk all for a dream. Entrepreneurs are an interesting lot. These individuals have a host of characteristics et al that arguably set them apart from other businesspersons. It is not surprising that many students, particularly business students, have an interest in becoming entrepreneurs themselves someday.

There is an old saying that "If at first you don't succeed...try, try again." Many successful entrepreneurs failed multiple times in initial start-ups before achieving success.

- The aforementioned aside, is it wise in your opinion to follow the "If at first you don't succeed" adage? Your gut reaction?

- What are some factors you need to consider on making a reasoned decision? If you failed in your first entrepreneurial venture, would you try again? Provide an actual real-world example(s) that bolsters your position.

Although there have been many horror stories written about entrepreneurs who have failed in their business endeavors, there are many inspiring success stories as well.

- From online research or personal experience, provide an example of one such success story.

- Include the specifics and also address why you feel it could be particularly motivating for a potential entrepreneur to hear.

For many entrepreneurs, finding sufficient capital to finance their dreams is difficult. Without access to sufficient capital the venture, arguably, is dead in the water.

- What are some sources of entrepreneurial finance? Discuss the pros and cons of each.

- What makes one finance source better than another for a business?

How is entrepreneurial finance different from traditional business finance? What are some sources of alternative financing? What about crowdfunding? If you were an entrepreneur.