Chapter 1, Problem 2VC

Summary Introduction

Case summary:

Writing scripts for the entertainment industry is a challenging work due to a lot of competition and low prices, the writer in the case started earlier in the life while studying and gathered following, after some years the writer got a TV show that recognized the work, thereafter the writer independently launched various shows that failed until one show that became a huge hit, the writer thereafter closed a movie after two years of operation due to writer’s union strike, entrepreneurs have to deal with various issues, however dedication and entrepreneurial drive does bring success.

Characters in the case:

A well-known writer, who started off earlier in life and thereafter launched the self made TV shows and movies.

Adequate information:

Entrepreneurs is a person who takes risk and starts up the business for the purpose of making profits.

To determine:

The reason that a writing profession is extremely risky for an entrepreneur who makes TV shows or movies.