1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
The biggest surprise for me in the reading this week was the predictability of failure. Failure typically seems like a very abstract term that people are afraid of, but using the theories presented in this chapter to gain insight into the future success of a business could be very useful.
2) Identify at least one part of the reading that was confusing to you.
I really would like to know where these theories came from and know how the authors came to the conclusions they did about predicting failure and success.
3) If you were able to ask two questions to the author, what would you ask? Why?
How do you go about predicting failure and success while incorporating outside factors?
What is the best analysis approach to use/is there a specific approach to use that pertains to each style of start-up/entrepreneurial venture?
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
I wouldn't say I disagreed with anything the author had to say, but I would add that there are anomalies in every situation. Also, the feedback I received from every entrepreneur I have ever spoken to was that the people involved in whatever venture was in question were, hands down, the most important predictor of success of the project. I would emphasize that finding a good, motivated team is one of the most valuable steps an entrepreneur should take if he/she wants their venture to succeed.
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