ENTR 510 Week 5 Midterm Paper LATEST CASE STUDY AS OF 2021 MAY WITH CORRECT ANSWERS

ENTR 510 Week 5 Midterm Paper LATEST CASE STUDY AS OF 2021 MAY WITH CORRECT ANSWERS Ajay Bam is a young entrepreneur that desires to make his dreams come true. According to the textbook, Ajay is: • Devoted to his dreams and plans. He was ready to sacrifice his personal leisure time and vacation in order to get in touch with significant and experienced professionals that would probably help him evolve. • Enthusiastic and energetic. He didn’t hesitate to watch meetings in German language even though they were full of technical data he was not familiar with. • Persistent. He didn’t hesitate to call VeriFone every day for 3 months until he was given a contact’s name to speak to. • Workaholic. Ajay was personally involved at every stage of his venture to assure everything would be accomplished as planned. • Ambitious and visionary. He spotted a real market need and he persisted in developing an application to cover it. He knew that failing to do so would let some other guy do it and get profit out of it. • Smart. He agreed to his lawyer’s guidance to be educated in certain law terminology and form filling in order to free his lawyer from doing the hard work. By doing so, he saved himself a lot of money and kept his lawyer’s advice in critical moments. Moreover, his idea of creating an application to cover customers’ need for prompt payment and loyalty programs is sign of his smartness and entrepreneurship. While all of the above mentioned features are among an entrepreneur’s features and at the end helped Ajay succeed, I would separate three of them: workaholic, ambitious and persistent. It’s their combination that can make things flow, open doors and make one’s dreams come true.