Question

Karl Gustavsson's company Karl J. Gustav makes Halloween costumes and other clothes for cats, dogs, and other house pets, and matching outfits for their owners. 15% of his revenue is donated to no-kill shelters across the country. Before starting his company, Karl spent time considering what he wanted to accomplish with his venture, and he wanted to make pet owners happy through bonding with their pets while helping abandoned animals find loving homes. Which component of building an entrepreneurial mindset was described here?

Answer 1

Answer: reflecting on his desired impact on the world Explanation: Having an entrepreneurial mindset is a state of mind that aligns someone towards entrepreneurial activities and outcomes. One of the characteristics of this entails being able to reflect on the impact you want to have on the world. Karl wanted pet owners to bond with their animals. So he created a business that calters for that. Moreover he donates 15% of his revenue to no - kill shelters. All these elements contribute to Karl wanting to leave a positive impact on the world. Karl thus has an entrepreneurial mindset as he is able to draw on his opportunities in an innovative manner.