Hello, I would like help with responding to a few peer's discussion responses.

Question: An entrepreneur develops a new business and bears the financial risks and benefits. Besides financial returns, what other responsibilities does the entrepreneur have? Besides investors, what other stakeholders does the entrepreneur have to be mindful of?

*INDIVIDUALLY, HOW CAN I RESPOND TO EACH PERSON'S RESPONSE?

Jackson said: Setting strategy and having a company plan are other responsibilities of entrepreneur of a new business. Their firms' goal and mission are established by them. Entrepreneurs maintain track of market trends, rivals, and changing client tastes and demands as part of their planning and strategy. After all, any effective entrepreneur understands the importance of providing what the market desires and is ready to pay for.

Aside investors, other stakeholders that the entrepreneur need to be mindful of are employees, customers, suppliers, communities, and regulators. Without the support of this group an organization will cease to exist.

Darius said: Surely as an entrepreneur there are other responsibilities besides financial risks and returns. Another responsibility that entrepreneur has are "being knowledgeable about teaching and learning. Education entrepreneurship is fundamentally about having an impact on how learners learn." (leanlabeducation.org, 2021). "Successful education entrepreneurs should have deep subject matter expertise and truly understand the principles of learning and pedagogical best practices" (leanlabeducation.org, 2021). This aspect is especially important because as your business grows, your team grows, and you want your team to have the same qualities as its foundation.

Besides investors, entrepreneurs have to be mindful of "customers, suppliers, employees, shareholders and local communities" (D'Souza, 2021). "Under this system, a company's purpose is to create long-term value and not to maximize profits and enhance shareholder value at the cost of other stakeholder groups" (D'Souza, 2021)

Katherine said: The entrepreneur holds responsibilities to more than just himself and the company he created. Other responsibilities that the entrepreneur has are to the stock holders, to the vendors, to the people affected by the business etc. My brother in law is an entrepreneur and one project among many that were on his plate was to renovate a building to create a food hall type space. There were businesses that were going to be moving into the space once the renovations were done. During the renovation process he employed many people to help do various projects. There were times when they lost an investor or a business that was going to move in decided not to. He was constantly having to ensure that all the parts were working to make it to the opening day. There was also the public that needed to be considered. This building that was being renovated was historic and a part of that city landscape for decades. There was a lot of input from the people in the area before major renovations occurred. A business may be dreamed up and created by one person but there are always many other people to consider.