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Ryan and Aaron Team Reflection

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Submitted By creamdes
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Ryan and Aaron Team Reflection
MGT/521
March 26, 2012

Ryan and Aaron Team Reflection
Entrepreneurs are individuals “who risk time and money to start and manage a business” (Nickels & McHugh, 2010). Ryan and Aaron were willing to take that risk and created a successful company called IContact.
With a tough economy, there are a lot of college students striving to start their own business, but do not have the necessary tools to begin. Ryan and Aaron are great examples for future college entrepreneurs to admire. They came up with a concept that was original and took a chance on it. In their case it turned out to be a successful business idea that did not take much to start. What also made their business a great success is having a different skill from each other. One was able to focus on the marketing and the other the product. As a group we learned that one has to be willing to take a risk when starting a company. If one has a vision they have to go for it, whether it turns out successful or not.
In the IContact Company there are many individuals who will benefit from the success of the company. The major stakeholders were the entrepreneurs, employees, small businesses, and the North Carolina community. The small business companies are reliant on IContact in order to be able to compete with the larger companies. Ryan and Aaron want to have a successful company so that they can make a profit. The employees of the company want to have a successful company, so that they can have a paycheck, benefits and stability of a job. Finally, the North Carolina community they will help with supporting the company.
As a group we were all impressed with Ryan and Aaron and what they accomplished. They have inspired some of us to possibly take a risk of beginning our own company. Other team members feel that the time and money a person puts into a company is…...

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