Dr. Donald F. Kuratko, being a
prominent scholar—he has published more than 160 articles on various aspects of
entrepreneurship—and a national leader—he is the Jack M. Gill Chair of
Entrepreneurship, Professor of Entrepreneurship and Executive Director of the
Entrepreneurship and Innovation Center at the Kelly School of Business of
Indiana University in Bloomington—, it is not surprising that his work does not
fail, but his text left me rather confused. For instance, the confusion for me
resides with the difference between the internal locus of control and the
entrepreneurial trait school of thought. It was like Kuratko said, “Yup, here
it is. I know you know it.”
No, Kuratko, I want more.
One of the biggest realizations to have
is that 85% of businesses fail within their first year is not true. (Although you have to admit, it is definitely
within our realm of reality.) It is actually why most people are afraid to
branch out and take risks. I did not
find anything wrong with the text however. I only had questions revolving
around startups and their success or failures in different markets. For
instance, at my college at my university, I am under the “Journalism and
Telecommunications” college; this college recently started an integrated
advertising agency which allows students to have first hand experience with
clients around the area while integrating themselves in an “agency” setting.
Another startup I am familiar with is a sports community app startup developed
to team up other outdoor recreation lovers to a community. I want to understand why both startups are not
really doing well.
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