Week 5 Reading Reflection

1. What I found most surprising was the statistics stating that there are 1,500 business start-ups per day and that the U.S. Patent Office receives approximately 500,000 patent applications per year. I think this is great because start-ups and entrepreneurial activity is what drives this economy and country. I hope we can continue this rate and provide accessible outlets for people starting companies.
2. Due to the clearly outlined bullet points for most of the section, it was a pretty straightforward section. The only part that I was confused on was the comprehensive feasibility approach. Figure 6.2 that attempted to explain this idea was very confusing and jumbled due to the excessive arrows and wordiness. 
3. The first question I would ask is: 1) what is the most common pitfalls in selecting new ventures? I would ask this because if I ever want to start a business, I want to know what I need to watch out most for. Then I would ask 2) what is the best way to finance a new venture? I would ask this because I believe financing your idea is the hardest and most critical part, and I would want the best advice.
4. Because the author kept his opinion out of this section with simple rules and definitions, I didn't disagree with him on anything specific. Overall though, I guess I disagree with him for the reason that he makes entrepreneurship seem so formulaic while I feel like it's much more flexible.