CHAPTER 1

Introduction

America is a melting pot of entrepreneurs from around the world. It has long been known as the land of milk and honey. It is a haven where ordinary men and women possessing a dream and the desire to work hard can achieve wealth and prosperity.

There are in fact many that have found prosperity in America. The number of U.S. households worth at least $1 million rose to 9.6 million in 2013 (Fox 2014).

Many millionaires in America have amassed their fortune by starting a business or engaging in the practice of entrepreneurship.

In this book, entrepreneurship is defined as a person engaged in the process of gathering resources to create and build a business enterprise by leveraging creativity, risk, and innovation (Harwood 1982). ...

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