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Case 1 Chaz has an idea for a service business. It has worked well locally. The service involves renting videos of college campuses to high school seniors. The colleges he has contacted are all for it, and the students he has talked to are excited about the idea as well. The three banks he has tried to borrow money from to set up the operation are skeptical, however. In fact, they have all turned him down. What entrepreneurial characteristic should kick in here if Chaz's business is going to become a reality? Why is that characteristic so important in this situation? Why is it important to entrepreneurs in general?

Case 1 Chaz has an idea for a service business. It has worked well locally. The service involves renting videos of college campuses to high school seniors. The colleges he has contacted are all for it, and the students he has talked to are excited about the idea as well. The three banks he has tried to borrow money from to set up the operation are skeptical, however. In fact, they have all turned him down. What entrepreneurial characteristic should kick in here if Chaz's business is going to become a reality? Why is that characteristic so important in this situation? Why is it important to entrepreneurs in general?

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Ent - Chap 1 - Entrepreneurship Case Studies Assignment (Protected View) Word t References Mailings Review View Help Tell me what you want to do Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Case 1 Chaz has an idea for a service business. It has worked well 1locally. The service involves renting videos of college campuses to high school seniors. The colleges he has contacted are all for it, and the students he has talked to are excited about the idea well. The three banks he has tried to borrow money from to set up the operation are skeptical, however. In fact, they have all turned him down. What entrepreneurial characteristic should kick in here if Chaz's business is going to become a reality? Why is that characteristic so important in this situation? Why is it important to entrepreneurs in general?
Transcribed Image Text:Ent - Chap 1 - Entrepreneurship Case Studies Assignment (Protected View) Word t References Mailings Review View Help Tell me what you want to do Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Case 1 Chaz has an idea for a service business. It has worked well 1locally. The service involves renting videos of college campuses to high school seniors. The colleges he has contacted are all for it, and the students he has talked to are excited about the idea well. The three banks he has tried to borrow money from to set up the operation are skeptical, however. In fact, they have all turned him down. What entrepreneurial characteristic should kick in here if Chaz's business is going to become a reality? Why is that characteristic so important in this situation? Why is it important to entrepreneurs in general?
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