January 23, 2016

Week 3 Reading Reflection

     In chapter 2 of Entrepreneurship: Theory, Process, and Practice, I was surprised to learn that there is a dark side to entrepreneurship. I was always aware of the risks that are involved in starting a business but I’ve never really looked at them as a dark side. However, after the chapter, I have come to see where the author is coming from. Entrepreneurship is about risk and “the higher the reward, the greater the risks the entrepreneur usually faces” (Kuratko 38). This statement alone led me to think that the author was drawling a strong parallel line between entrepreneurship and gambling; both involve similar risks and rewards.
     In this chapter I didn’t find any section to be particularly confusing. I thought that compared to the last chapter, Kuratko went into more detail when he introduced each topic which made it so that it was easy to follow along with.
     It would be interesting to know what Kuratko thinks about my comparison of entrepreneurship and gambling. I would assume that the dark side that he talks about is extremely similar to when a gambler becomes so involved in the act that he looses interest in everything around him, which for the entrepreneur would be hobbies and family, as mentioned in the chapter. I would also be interested in knowing which entrepreneurship style Kuratko thinks is the best. The four styles, illustrated on page 38, are each discussed but Kuratko never seems to state his own opinion of which one is best, similar to how he handled the micro and macro views of entrepreneurship in chapter 1.
     This chapter seemed very straightforward and for the most part offered data for the sections that were more opinion based, so to speak. With that said, there isn’t much of anything to disagree with. I know of a few successful entrepreneurs that don’t exhibit several of the characteristics that Kuratko suggest successful entrepreneurs demonstrate; however, those are only a few entrepreneurs out of millions so they are not the best representation of the population.

Identifying Local Opportunities

     The local newspaper I chose was the Ormond Beach Observer, which is the weekly paper in my hometown. It wasn’t until I did this assignment did I realized how little my newspaper reports on problems; they mainly focus on celebrations and milestone announcements. Here is a list of five opportunities:

Uniforms: Will students comply?
     Since I was a freshman in high school, the school board has talked about requiring students to wear uniforms and it seems like they are finally only steps away from making the transition. This article mentions the most recent meeting where uniforms were discussed and it brings attention to some of the pros and cons of uniforms. The problem is that parents feel uniforms will take away individuality and in addition they will be forced to buy a separate set of clothes for evening and weekends. A major problem for the school board is the resistance from students and parents. For years, students have rebelled against the dress code, which has led to the solution of uniforms but it seems that the school board will only be faced with more problem if the use of uniforms gets approved. 

     Ormond Beach has seen a large shift toward retail and commercial development in recent years, a change from our usual residential development. This change however creates problems for residents that live near the new builds. Recently, the corner of Magnolia Avenue and West Granada has been approved for commercial use. This change has created a problem for residents in surrounding neighborhoods because no one is thrilled with the prospect of having commercial buildings in their view as well as decreased property values. Residents are also displeased with the potential in the increase of traffic, which is inevitable once commercial buildings are developed. Residents fear that Magnolia Avenue will not be able to handle the traffic flow as more cars will use Magnolia Avenue to turn onto Granada, arguably the busiest street in Ormond Beach because it runs straight through the center of the city toward the beach.

On top of Old Tomoka Road(s)
     This article is really more of an informative article about the street names in Ormond Beach. Currently there are several streets that are named Tomoka some of which are only known to people that have lived there for several years. Also many streets have come to be known by several different names; for example, South Ridgewood and North U.S. 1 are also known as Younge Street. This is where a problem is created because as new people move to the city a sense of confusion is created. The problem exists with the new people because as they are getting directions or navigating the streets there is a lot of confusion. Because Ormond Beach is directly north of Daytona Beach, we get a lot of tourist and as you can imagine navigating an unknown city, especially one with street names like Ormond’s, can be difficult.

City rejects county’s survey idea
     Recently, the decrease in gas prices has caused a decrease in revenue from the gasoline tax that the city receives, which goes toward transportation improvement. The county council wanted to send out a survey to residents to gauge local interests and their opinion on the proposed half-cent sales tax increase but the survey would cost the city over $5,000 to distribute which the majority of commission members viewed as an unnecessary cost. The problem that the commission faces is a lack of money for transportation improvements that are needed in certain areas. Currently, they are faced with the decision to increase the sale tax or not. Some worry about what will happen when the revenue from the sales tax is gone; will they raise it again? This leads to a second problem that the commission faces, money management.

VPK enrollment falls 12% in Volusia - A child is only eligible this year if they turn 4 on or before Tuesday, Sep. 1, 2015
http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/1579D277688FE170?p=AWNB
     According to the article, enrollment in voluntary pre-kindergarten programs has decreased in recent years. The decrease is believed to be due to the lack of awareness throughout the community; services like pre-kindergarten programs are best spread by word of mouth. The programs allow an alternative to homeschooling and allow children to be exposed to school settings early on, in addition to allowing them to meet other children of similar ages. The article suggest that the problem is without the experience provided in pre-kindergarten programs children are not developing relationships with authority figures, children their own age, as well as cognitive, social and emotional skills. Therefore, the problem seems to affect the children directly, practically their potential success in later schooling, and the parents of the children.