Chapter 3 Diagram

       I have chosen the Internet Business because I belive that alot of people are doing it or tryig to get in to it. People would like this type of business because it will be easier and less travel to go to work because it will be on the internet. This type of business is also good and bad. The reasons why this would be bad is because people have the potential to hack almost everything. If you have your credit card information saved online people can obtain if not secured properly. Their are scammers out their that are good at what they do. This type of business is good because it's basically no travel required, which means you save on gas. Some of the other benefits would be that you can promote ads on other peoples website. By doing this you can get some type of publicity on the internet, so you can sell whatever you are selling or the services that you are providing.

Characteristics of Successful Entrepreneurs

The most important chracteristics that I have chosen would have to be being Persistent. I chose this because if you not persistent you won't last as an entrepreneur. If you don't finish your work or work without a purpose you will fall. You need to be able to do what is best for your business to be a succesfull entrepreneur. You must do quality work, because if you do junky work then you will be running a junky business.

Entrepreneurial Survey

    On this survey i received a 72. The reason i got this score is because i feel that i have strong skills in certain areas and not in the others. Some of the areas that i got a 5 in were, I am willing to accept both financial and career risks when necessary. What this means is that if i get bankrupt it's on me and no one else. Or if i get off to a good start and start to make a profit that is also on me. Some of the other things that i got a 5 in were, I beilve that my abilities and skills are better than my co-workers. I beilve this because I think it is a mentally thing i beilve that i can do things better than anyone i would work with so that i can impress people. The last 5 that I have would be I have a good network of freinds, professionals, and business aquantances. I agree with this because i do have a big network of freinds, some of the older freinds I have started some type of business. So if I ever needed a freind to come and help me out If i did start a business I wouldn't be doing it all alone, or family could help as well.
    Some of the areas that i got a1 in were, I don't need all the fringe benefits provided by conventional employment. I disagree with this because you will need benefits who ever you are. You never know when sickness is going to hit you and medical bills are not cheap. Other categories were, One or both parents were entreprenuers. None of my parents were entrepreneurs, they both have had jobs my dad works for a union and my mom is a nurse at a nursing home. But my dad does do side jobs because he is an electrician. He would go to peoples houses and do lightfixtures or minor plumbing work etc.

The reward of Entrepreneurship is being your own boss. You can choose what times you want to come in for work, you can hire and fire emplyees for your business. Some of the other benefits of Entrepreneurship is that you run the job no one else is telling you what to do. You have the freedom of your own schedule.