Case 1 Chaz has an idea for a service business. It has worked well locally. The service involves renting videos of college campuses to high school seniors. The colleges he has contacted are all for it, and the students he has talked to are excited about the idea as well. The three banks he has tried to borrow money from to set up the operation are skeptical, however. In fact, they have all turned him down. What entrepreneurial characteristic should kick in here if Chaz's business is going to become a reality? Why is that characteristic so important in this situation? Why is it important to entrepreneurs in general?
Case 1 Chaz has an idea for a service business. It has worked well locally. The service involves renting videos of college campuses to high school seniors. The colleges he has contacted are all for it, and the students he has talked to are excited about the idea as well. The three banks he has tried to borrow money from to set up the operation are skeptical, however. In fact, they have all turned him down. What entrepreneurial characteristic should kick in here if Chaz's business is going to become a reality? Why is that characteristic so important in this situation? Why is it important to entrepreneurs in general?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Case 1 Chaz has an idea for a service business. It has worked well 1locally. The service involves
renting videos of college campuses to high school seniors. The colleges he has contacted are all
for it, and the students he has talked to are excited about the idea
well. The three banks he has
tried to borrow money from to set up the operation are skeptical, however. In fact, they have all
turned him down.
What entrepreneurial characteristic should kick in here if Chaz's business is going to
become a reality? Why is that characteristic so important in this situation? Why is it important to
entrepreneurs in general?
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