Saturday, April 2, 2016

Entrepreneur Week 12 Reading Reflection

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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