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    Strategic Planning for a Small Business Owner

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    Strategic Planning

    You belong to a small business owner networking group. The main purpose of the group is to share leads, but occasionally, you discuss global issues. In addition, the group has an online discussion forum.

    The following threads have recently been posted on the discussion forum. Respond to each.

    Inc. magazine claims, "Entrepreneurship is more mundane than it's sometimes portrayed . . . you don't need to be a person of mythical proportions to be very, very successful in building a company." Do you agree? Explain.

    Why is strategic planning important to a small company?

    What factors should an entrepreneur consider before choosing a form of ownership?

    Noting the growing trend among collegiate entrepreneurs launching businesses while still in school, one educator says, "A student whose main activity on campus is running a business is missing the basic reason for being here, which is to get an education." Do you agree or disagree? Explain.

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    https://brainmass.com/business/entrepreneurial-issues/strategic-planning-small-business-owner-281989

    Solution Preview

    Inc. magazine claims, "Entrepreneurship is more mundane than it's sometimes portrayed . . . you don't need to be a person of mythical proportions to be very, very successful in building a company." Do you agree? Explain.

    I do agree with this statement. To be a successful entrepreneur, you need to be willing to take risk, be a change agent, and willing to accept innovation and new technology. You do not need to have mythical skills to be successful. You simply need drive, determination, and the willingness to learn. ...

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    This solution discusses strategic planning for small business owners.

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