One thing that stood out for me in the reading was the SWOT
analysis. This is a new concept to me and I could see how it could
prove to be useful for the entrepreneur. Another thing that stood out
for me was the concept of the entrepreneurial strategy matrix. This
could be very useful to many new entrepreneurs to determine it their
business is worth perusing.
I found no parts of the reading to be confusing to me.
One concept that I disagreed with was the concept of transitioning
from entrepreneur to manager. I believe that the entrepreneur must
be a manager from the start in order to bring together all of the
needed resources to get the business going. Also, why is it that the
management tasks may shift after the business is up and running but,
it took management skills to get the business to that point? Why
shouldn't an entrepreneur that is starting a business not have an
administrative concept of that business? By the time an entrepreneur
reaches the point of actually opening a business, they should have
already had to to experience the administrative aspect of the
business.
I thought that the author may be wrong in that, by the time an
entrepreneur has reached the point of actually opening and operating
a business, they should have some idea of the administrative
responsibilities that they are going to have after the business is up
and running.
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