"Week 2 Reflection, Chapter 1"

1. What stood out the most was the section “The Age of the Gazelles”. We are taught that mom-and-pops businesses create the most jobs in the United States, but in reality, Gazelles do. Gazelles are new and smaller firms that create the most jobs in the U.S., and they have a 20% sales growth every year starting at a base of $100,000. 

2. One section that was conflictive was the “Integrative Approach”, and the Entrepreneurial Inputs and outputs. 

3. If I were to ask the author two questions, they would be: Why do you call small business owners “managers” of their business? Are they not as methodical as an “actual entrepreneur”?. My second question: You explain the firm creation and addition to of firms for the market each year, which ranges from 600,000 to 800,000; How exactly does an economic recession affect the addition of firms yearly? Does it affect the range of firms entering the market? And how so?

4. I disagree in calling a small business owner a “manager”. Instead, it is saying that becoming a “Gazelle” is the ultimate goal for an entrepreneur. In my perspective, every person has their ultimate goal and their own perspective in what is to become an entrepreneur. Each entrepreneur is different and they all have their ultimate goals, some is to own a big firm, and others is to have a mom-and-pop business.