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Critically discuss the statement “Entrepreneurs who wish to expand their business should first expand their networks”
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Entrepreneurship 207 Critically discuss the statement "Entrepreneurs who wish to expand their business should first expand their networks". Name: Katerina Gavrielidou Lancaster University 2007-2008 Library No: 06021311 Introduction A successful attempt for defining entrepreneurship was made by Bob Reiss, who defined it as "the recognition and pursuit of opportunity without regard to the resources you currently control, with confidence that you can succeed, with the flexibility to change course as necessary, and with the will to rebound from setbacks" (Bob Reiss, successful entrepreneur and author of Low-Risk, High-Reward: Starting and Growing Your Small Business With Minimal Risk). The above definition leads to some examples of successful entrepreneurs who started their businesses without being rich or having adequate recourses. Lillian Vernon started her mail-order business while being a housewife without possessing significant funds, whereas Michael Dell set up his computer company from his room during his studies, both looking for some extra income and ended up being...
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