read the following \entrepreneur profile\ and answer the questions in \thinking like an entrepreneur.\nin…

$read the following \entrepreneur profile\ and answer the questions in \thinking like an entrepreneur.\nin the \we lend a hand\ profile for this week, terrence shows characteristics of a \serial entrepreneur\.\n1.what do you think those characteristics are and can be displayed?\ngiving back:\nwe lend a hand\nwhen terrence l. harrogate was in high school, he started a candle - selling business called passion. he bought candles wholesale and sold them. several months later, he started dynasty cleaners, a cleaning service for schools and businesses. both ventures were successful and terry made money. he went on to col - lege and also worked as an assistant teacher in a con - necting hand school.\nlending a hand to students\nwhile attending college, terry continued teaching in high school. \i saw a lot of kids that had potential,\ he said, \but they were repeat offenders and kept getting in trouble with discipline or had truancy or detention, in - school suspension.\ terry started talking to the principal, trying to figure out what could be done to help these students and keep them from get - ting in trouble. his next business, called we lend a hand, was created from that meeting.\nwe lend a hand helps students who are at risk of being suspended or expelled by providing mentors and access to community action programs where they can channel their frustrations into a productive activity.\nthe at - risk students are given their choice of serving detention or in - school suspension or completing a we lend a hand program. this could involve, for example, choosing a plot of land on school grounds, transform - ing it into a mini - garden or walkway, and learning about the experience.\nraising money\nwe lend a hand is a not - for - profit company, and everyone working for it, including terry, is a volunteer.\n\we raise money through the community.\ terry said. \we go to different small businesses and ask them to donate. we lend a hand to build our treasury so that were able to do different projects.\ although raising money is typically the hardest job in a non - profit organization, we lend a hand has jumped on to experience. \the community has really helped out. i guess they recognize the issue and see the solution to the problem.\\nkeeping books\none difference terry has found between his for - profit companies and we lend a hand is in keeping finan - cial records. because the money is being donated from outside sources, \we pay very much more attention and detail to how we do our books. our donors can see where their money is going... and how its being spent. our books always have to be correct and right at all times.\\nfor terry, we lend a hand reflects a certain phi - losophy. \no matter how successful you can be, you have to remember your community. you cant put yourself always first. you have to use everything that you have to go back and build the next generation, so they can have a better opportunity.\\nthinking like an entrepreneur\n1. what about the we lend a hand program do you think would help at - risk students?\n2. how would you go about raising money if you had a non - profit organization?\n3. whats the difference between using your own money and someone elses money in your organiza - tion? does this explain why terry pays so much attention to his financial records?\nethics & social responsibility$

read the following \entrepreneur profile\ and answer the questions in \thinking like an entrepreneur.\nin the \we lend a hand\ profile for this week, terrence shows characteristics of a \serial entrepreneur\.\n1.what do you think those characteristics are and can be displayed?\ngiving back:\nwe lend a hand\nwhen terrence l. harrogate was in high school, he started a candle - selling business called passion. he bought candles wholesale and sold them. several months later, he started dynasty cleaners, a cleaning service for schools and businesses. both ventures were successful and terry made money. he went on to col - lege and also worked as an assistant teacher in a con - necting hand school.\nlending a hand to students\nwhile attending college, terry continued teaching in high school. \i saw a lot of kids that had potential,\ he said, \but they were repeat offenders and kept getting in trouble with discipline or had truancy or detention, in - school suspension.\ terry started talking to the principal, trying to figure out what could be done to help these students and keep them from get - ting in trouble. his next business, called we lend a hand, was created from that meeting.\nwe lend a hand helps students who are at risk of being suspended or expelled by providing mentors and access to community action programs where they can channel their frustrations into a productive activity.\nthe at - risk students are given their choice of serving detention or in - school suspension or completing a we lend a hand program. this could involve, for example, choosing a plot of land on school grounds, transform - ing it into a mini - garden or walkway, and learning about the experience.\nraising money\nwe lend a hand is a not - for - profit company, and everyone working for it, including terry, is a volunteer.\n\we raise money through the community.\ terry said. \we go to different small businesses and ask them to donate. we lend a hand to build our treasury so that were able to do different projects.\ although raising money is typically the hardest job in a non - profit organization, we lend a hand has jumped on to experience. \the community has really helped out. i guess they recognize the issue and see the solution to the problem.\\nkeeping books\none difference terry has found between his for - profit companies and we lend a hand is in keeping finan - cial records. because the money is being donated from outside sources, \we pay very much more attention and detail to how we do our books. our donors can see where their money is going... and how its being spent. our books always have to be correct and right at all times.\\nfor terry, we lend a hand reflects a certain phi - losophy. \no matter how successful you can be, you have to remember your community. you cant put yourself always first. you have to use everything that you have to go back and build the next generation, so they can have a better opportunity.\\nthinking like an entrepreneur\n1. what about the we lend a hand program do you think would help at - risk students?\n2. how would you go about raising money if you had a non - profit organization?\n3. whats the difference between using your own money and someone elses money in your organiza - tion? does this explain why terry pays so much attention to his financial records?\nethics & social responsibility

Answer

Brief Explanations:

Serial entrepreneurs are often characterized by high - risk tolerance, a drive for innovation, and a continuous desire to start new ventures. In the case of Terrence, his multiple business start - ups (candle - selling, cleaning service) show an entrepreneurial spirit. His initiative to start We Lend A Hand to help at - risk students also reflects his innovative and socially responsible nature. He is likely highly motivated, adaptable, and has strong leadership skills to manage different types of businesses and a non - profit organization.

Answer:

Characteristics such as high - risk tolerance, innovation drive, continuous venture - starting desire, motivation, adaptability, and strong leadership can be displayed. He started multiple businesses (candle - selling and cleaning service) and a non - profit to help students, showing his innovative and socially responsible side.
The We Lend A Hand program provides mentorship and access to community action for at - risk students, which can help them channel frustrations into productive activities and avoid suspension or expulsion.
To raise money for a non - profit like We Lend A Hand, one could approach local businesses for donations, organize fundraising events such as charity runs or bake sales, and apply for grants.
The difference lies in the source of funds and the purpose. In a for - profit, money is generated from sales to make a profit, while in a non - profit like We Lend A Hand, money is mainly from donations and is used for social good. Terry pays attention to financial records to be transparent to donors about how their money is used and to ensure proper management of funds for the organization's goals.