1. In your own words, are entrepreneurs born or made?
- I believe that it is a combination of both being born and made. There are people that grow and just know that they are meant to do greater things and create someth
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1. In your own words, are entrepreneurs born or made?
- I believe that it is a combination of both being born and made. There are people that grow and just know that they are meant to do greater things and create something that may change the world. They have the will to be more than just a regular employee and pursue a dream, even if it means going through difficult times . There are also people that may not grow knowing it, but somewhere along the line of being an employee maybe they pick up a few ideas and immediately know how to make those ideas greater or they find a specialty that clicks with them and they never even knew that they could develop that type of skill.
2. In your own words, what is a venture capitalist?
- Venture capitalists are an entrepreneurs best friend. They provide a financial stabilization for any business starting in the early stages of growth. For example the show Shark Tank has five venture capitalists that take on new entrepreneurs looking to expand or start up the business. This can be both a good or bad thing for an entrepreneur. On one hand they gain financial stabilization allowing the business to grow, but the venture capitalists can choose how, when, or how much that entrepreneur needs to pay back after providing the finances and sometimes that can be costly.
3. In your own words, explain three of the nine building blocks for managers to use in developing an innovative and effective business model.
1) Customer Relationships is very important to a business because as the name says, it relates the customers. This is how the business interacts with the customers and helps them feel wanted within the business to attract them into buying whatever goods or service is being provided.
2) Key Partnerships is another important building block because it involves other companies or outside sources to help with a business. This can be really effective with new products being produced and figuring out the best quality resources at the
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