Strategic Planning for a Small Business Owner
Not what you're looking for?
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.
Purchase this Solution
Solution Summary
This solution discusses strategic planning for small business owners.
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. ...
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Motivation
This tests some key elements of major motivation theories.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.