Week 6 Reading Reflection

I thought that this week's reading was very interesting in a sense that it gave me a chance to look at entrepreneurship in a different form and fashion. In this week's article it focused on competition and the importance it plays in starting a business. One of the most surprising and interesting things that I learned when reading this article is about all the barriers to entry and what they entail. One barrier in particular that I did not know about was economies of scale which is a barrier based on the industry that you decide to enter. If I could ask the author two question I would ask him how he feels about collaboration with the competition and what is the best way to position your business ahead of the competition because these are questions that a person entering an industry might also have. I think that this article really helped show he importance that competitors make when entering into an industry that is weak versus one that is strong and competition as stated in the article ultimately affects profitability. I think that the author made very good points and was very detailed about the subject in general.