Reflection on Chapter 1

  Before this unit, I had no idea of the Supply and Demand Theory. I learned the 3 basic types, Law of Demand which is as prices go up the need of the demand goes down. Demand Elastic, is like when expensive items increase, more cheaper items are bought. The last theory states no matter how high prices are customers are still going to buy the product which is called Demand Inlasticity. I also learned how the economy can effect entrepreneurs. Say for instance if the economy is bad, then entrepreneurs loose jobs and money, but in vice verso entrepreneurs also help the economy by providing jobs and help the economy grow. In section I was introduced to the the entrepreneurial start-up process which is 1. the entrepreneur is the innovators who come up with the idea. 2. the environment which is where the entrepreneurs choose to start their business. 3. the opportunity which is what i think like when the entrepreneur knows he have a chance to make money in the area they are located. 4. start-up resources which are the resources used to start your business. 5. new venture organization which is the infrastructure so like the transportation of the business. I learned about 66% of small business survive the 1st year of operating, and learned some facts about busniess failure.

  I believe The Opportunity is the most important part of the start up process, because It's like saying your opening a business and you know you'll have a chance to earn money. Nobody wants to open a business and know their is no possible way to earn an income.

Alexis and Anabel

Your a New Entrepreneur, and in this game you have to go through upfalls and downfalls to become a more  sucessful entrepreneur.
  Start in box 1 and roll the dice and whatever number you get on the dice you move your peg that many amount of spaces
  If you come to a chance box you will have to draw the Chance, if answer correctly you may move how many spaces it tells you to, if you get it wrong you must move back how ever many spaces it says so.
                                                             "TAKE A CHANCE"

Entrepreneurs and the econmoy

  The economy affects entrepreneurs by if the economy is bad  entrepreneyrs won't have enough money to generate new ideas. Although entreprenura contibritute to the economy by adding jobs they can also loose jobs in a bad economy.

My logo reprsents a unique symbol for athletes ready to go to the next level. I chose to select this design, because to me it's catchy and sporty and will grab any serious athlete any eye. My purpose for this logo was to have a clingy name for an athletic shop.

I was born in Bronex,NY in the year of 1946. In 1979 I joined Coach Leatherware Company, Inc. I'm currently the CEO their. This business started in a loft in Massachuetts. Many females where the Shoes, Sunglasses, Belts, and carry my Handbags, just to name a few. My business is worth $623 million. I attended Hunter College were I got my BA, and I also attended Columbia Business School were i got my MBA.

Who Am I, I am LEWIS FRANKFORT.