entrupenurship
tim02792_ch01_1–48.qxd 11/12/05 8:52 PM Page 27
Chapter 1
The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy
27
EXHIBIT 1.11
Fit of the Entrepreneur and the Venture Opportunity
Attractiveness of venture opportunity
High
Potential for singles or doubles, but may strike out
Potential for triples and home runs
No hat and no cattle
Big hat, no cattle
High
Low
Entrepreneur's requisites
(mind-set, know-how, and experience)
Establishment of priorities, including the identification of conflicts and trade-offs and how these can be resolved.
Establishment of milestones for reviewing progress and tying these to specific dates on a calendar.
Identification of potential problems and obstacles that could prevent goals from being attained.
Identification of risks involved in meeting the goals.
Specification of action steps that are to be performed to accomplish the goal.
Identification of help and other resources that may be needed to obtain goals.
Periodic review of progress and revision of goals.
Indication of how results will be measured.
Exercise
Copyright © The McGraw-Hill Companies, Inc.
Personal Entrepreneurial
Strategy
The exercise that follows will help you gather data, both from yourself and from others, evaluate the data you have collected, and craft a personal entrepreneurial strategy.
The exercise requires active participation on your part. The estimated time to complete the exercise is 1.5 to
3 hours. Those who have completed the exercise— students, practicing entrepreneurs, and others—report that the self-assessment process was worthwhile and it was also demanding. Issues addressed will require a great deal of thought, and there are, of course, no wrong answers. Although this is a self-assessment exercise, it is useful to receive feedback. Whether you choose to solicit feedback and how much, if any, of the data you have collected you
Name:
Date:
Chapter 1
The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy
27
EXHIBIT 1.11
Fit of the Entrepreneur and the Venture Opportunity
Attractiveness of venture opportunity
High
Potential for singles or doubles, but may strike out
Potential for triples and home runs
No hat and no cattle
Big hat, no cattle
High
Low
Entrepreneur's requisites
(mind-set, know-how, and experience)
Establishment of priorities, including the identification of conflicts and trade-offs and how these can be resolved.
Establishment of milestones for reviewing progress and tying these to specific dates on a calendar.
Identification of potential problems and obstacles that could prevent goals from being attained.
Identification of risks involved in meeting the goals.
Specification of action steps that are to be performed to accomplish the goal.
Identification of help and other resources that may be needed to obtain goals.
Periodic review of progress and revision of goals.
Indication of how results will be measured.
Exercise
Copyright © The McGraw-Hill Companies, Inc.
Personal Entrepreneurial
Strategy
The exercise that follows will help you gather data, both from yourself and from others, evaluate the data you have collected, and craft a personal entrepreneurial strategy.
The exercise requires active participation on your part. The estimated time to complete the exercise is 1.5 to
3 hours. Those who have completed the exercise— students, practicing entrepreneurs, and others—report that the self-assessment process was worthwhile and it was also demanding. Issues addressed will require a great deal of thought, and there are, of course, no wrong answers. Although this is a self-assessment exercise, it is useful to receive feedback. Whether you choose to solicit feedback and how much, if any, of the data you have collected you
Name:
Date: