Week 2 Reading Reflection

1) The biggest surprise from the reading for me came from the predominance of new ventures in the economy section of the chapter. In this chapter it was stated that over 600,000 new start up businesses were started every year. I was amazed at how large of a number this was. The text further broke the numbers down and said approximately one new firm with employees is established for every 300 adults in the United States. The growth of businesses in the United States is much larger than I previously thought.
2) One part of the reading that particularly confused me was the integrative model of entrepreneurial inputs and outputs. What confused me was did all the inputs equal all the outputs, did all the inputs equal a single output, or did a single input equal a single output. In the Entrepreneurial Intensity are all 3 components of innovation, risk, and productiveness needed or can it be a single component or just two.
3) My questions for the author would be, "Have you put all your entrepreneurial knowledge to use and started your own venture?" and if the answer is yes, "What was the venture in and how successful was it?" If the answer is no, "Why haven't you started a venture with all your knowledge?" and "Why are you writing about entrepreneurship if you have never tried yourself?"
4) Being that I do not have much prior knowledge to entrepreneurship I can not determine whether the author was wrong about anything. He sounds very knowledgable and explains things in a way that is easy to understand. The first couple paragraphs about small business owners and entrepreneurs was very insightful because I did not realize there was such a large difference between the two. I thought they were basically one in the same.