Week 3 Reading Reflection

The Entrepreneurial Mind-Set in Individuals

1. I was most surprised by the dual grief recovery process.  I always thought the learn from your mistake, but keep looking on the positive, restorative side was best, but the dual process models suggests switching ways of thinking during the recovery process.
2. The grief recovery process proposed by Dean Shepherd that involves switching between the loss orientation and restoration orientation, is a little confusing.  It's easy to say they shouldn't dwell on the loss or completely ignore it, but I don't understand how someone is guided back and forth between orientations to achieve an effective outcome from their entrepreneurial fail.
3. Question 1: Financial risk can be managed by getting investors, but how do entrepreneurs successfully manage the family & social risk and psychic risk?  Question 2: Because many entrepreneurial ventures are created by an individual, how do entrepreneurs minimize negative ethical rationalizations?
4. In the excerpt, "Entrepreneurial Fear 101" I disagree with Wilson Harrell's statement that the key ingredient for entrepreneurial success is the ability to handle fear. I believe its the drive to achieve combined with the proper strategies for handling risk.