ENT 526 Lecture Notes - Rock Music, Virgin Records, English Party

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How you respond to challenges, adversity and setbacks. Back and forth dialogue between the professor and student. Words to describe entrepreneurs: creative, risk-takers, hardworking, resilient, proactive, goal- Internal locust of control (if i want to make more money its up to me!!!) External locust of control (puts the blame on someone else, do not want to take responsibility, do not. Success bias: biased when studying entrepreneurship, that we only study the successful people rather than those who fail. Employee vs. entrpreneur: -employee insurance, entrpreneurs take the risk. Nature: are you born with entrepreneurial spirit or do you grow into it. Adventurous, has fun doing whatever he has to do, flamboyant. Leader, takes people with him, people want to work for him. Built his empire through instinct and confidence in himself. Born in england, father a lawyer, mother was an adventurous women(flied across the atlantic, determined) Leader of little gang, competitive (played daredevil in the middle of the road)

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