Read Chapter 2, ” Small Business Entrepreneurs: Characteristics
and Competencies,” pp. 28-47, including the chapter summary on p.
46.
ESSENTIALS: Chapter 2 – SmB The purpose of ESSENTIALS is to
guide your reading and simulate the types of questions we would discuss
in class.
1. In addition to self-efficacy from Chapter 1, what are the five other key
behaviors for entrepreneurial success?
-Passion, Perseverance, Promotion/Prevention Focus, Planning Style,
Pofessionalization
2. In order to be successful, in what key business functions should an
entrepreneur gain competency?
–
3. What are the three challenges facing the family business?
-role conflict & succession p. 37
4. How can these challenges be met?
-time mgmt: list, 123 prioritize, delegate, repeat, strategize
-maximize communication: w/ family council, board of directors
