Week 2 Reading Reflection

1. The biggest surprise for me in the reading was that there are two different viewpoints of entrepreneurship, micro and macro. I also was surprised to see that these two views have schools of entrepreneurial thought. I always thought there was only one broad way of thinking about entrepreneurship, but it goes much deeper than I expected.

2. Since we are at the beginning of the text, my first question to the author would be why he got involved in entrepreneurship in the first place mainly because I am curious. My second question would be which view of entrepreneurship he thought was most important. I would ask this because I am curious to know if he finds the external locus of control more important than the internal locus of control or vice versa.

3. At first, one thing that I was confused about was the two views of entrepreneurship and their schools of thought. But after reading over each one in detail, they became much clearer and easier to understand.

4. If there was anything that I somewhat disagreed with, it was the myth that entrepreneurs are extreme risk takers.  While entrepreneurs do take "calculated" risk, this is not always the case. There have been a few time on Shark Tank where these entrepreneurs have left very good paying jobs on Wall Street or in Silicon Valley to start their business. There have also been a few entrepreneurs on the show that have their parents' money tied up or have taken out a second mortgage on their homes to start their business as well. So while some entrepreneurs are not extreme risk takers, I have seen several that go beyond extreme.