If somebody were to start a business today I believe they would try to start up a Strategic Alliance. I say that because to me if they do that they are already ahead of the game. Whoever they choose to make this alliance, that company is most likely already famous for their product and or service  and all the new business owner has to is introduce his/her product and or service and become famous also. This alliance will work if both partners know how to play their cards right. When I say that I mean split the profit fairly and don't get to stingy over the customers.The goal of this trend is to get more customers to buy their product so I chose this trend because this is the  smartest and quickest way to grad and keep customers because as long as both company's are together they both make money.  

Chapter 2 Reflection- The Potential of an Entrepreneur

    Before we did this chapter, I was already aware that anybody could be an entrepreneur if they had what it took. I didn't know the tweleve characterics of and entrepreneur which are risk-taking, goal-oriented, action-oriented, responsible,persistant, independent, restless, enthustatic, creative,  realistic, self-confident, and last but not least self-dmanding. We learned each of those in dept. I didn't know about the percentages like 62% had parents or realitives who owned business, or like 40% had high school diploma's or less and to me that seemed like a low number but I guess its not. I already knew about role-models because when kids are young they tend to state who they admire or look up to. I already knew about competition because a lot of businesses have rivaries,which they compete for customers. We also talked about the rewwards and the risk of entrepreneurs. The biggest reward to me is being your own boss because you don't have to be told what to do,and being creative because you get to use your own ideas and run your business how you want it to run. The biggest risk is losing investments because its not always guarented that you get all the money back that you placed in your business, and not spending a lot of time with your family because of late hours or work.

12 characteristics of an Entrepreneur

      I feel like the most needed characteristics is being responsible. Because I think If you lack that your setting yourself up for failure, and a person who is responsible says a lot about them. Like you can count on them or their very reliable to you.

Do I Have What It Takes to Become An Entrepreneur?

  On the self assessment we took, I scored a 77. So to my understanding I have the satisfactory ability to be an entrepreneur. Which to means I have the potential to become a successful entrepreneur. On the assessment I was completely honest and gave myself only seven 5, five 4, six 3, and one 1. The area I gave myself a one was in One or both of my parents were entrepreneurs because neither of my parents are, but I know my mother wish she could be. I gave myself a 3 in the first question because honestly I really don't believe I could do 50 hours a week regularly. My decision making isn't quite where it needs to be, but I 'm willing to get better at making good decisions. The very last question do I have good network of friends, professional, and business acquaintance I put a 4 because as of right now I do believe I'm hanging around a good crowd of friends who have similar goal as I do, which are making out of high school and graduating college and have a successful career.I placed a 5 in the area where I would take full responsibility for the success and failures of my business. I put that because my parents are teaching me when I do wrong it's nobody fault but my own. So I know when i get my business I have to keep that in my mind.

Why Be An Entrepreneur?

   Being an entrepreneur, allows you to have the opportunity to be you as you are. When I say that I mean, you can use your own thoughts and or ideas without consulting a boss, because you're your own boss. A lot of people who start their own business may not realize they have an affect on regular citizens, but they do. They inspire young ones to grow up and hopefully be as successful or maybe even more successful. Me personally I think entrepreneurs lead us more and more to the future. I say that because their ideas become more and more important as we get older.
   Entrepreneurs are independent and intelligent individuals. We can notice them when we see them because they carry a good composure. We may even see them riding around in luxury cars, living in big houses, or taking jets to their destinations. Entrepreneurs should be trustworthy, loyal, honest,determined, faithful to their career,smart,comitted, and most inportantly they ahve to be willing to take a risk.
    Everybody should know being an entrepreneur isn't easy because of all the ups and down they grow through. First they must find out what is a demand in our society and they must fullfil that need by creating the good or service wanted.Eventhough they can create their own schedule they still can come home late. They risk spending valauble time with their family.

  Being an entrepreneur doesn't mean you can't have rewards because you can. You can choose your hours to go to work which means you can sleep how ever long you want to. Making a lot more money than you would if you worked under somebody. Spending more time with your family, to me is the most special reward you can get because everybody loves being with their family. Also being an entrepreneur you have the opportunity to be creative and have a job you love to do without any regrets