Over thinking your business plan, can be a major dilemma. For example, for my small business class, the professor has guided us step by step in creating a business plan. But when it came to actually creating one from scratch, I saw myself erasing and constantly re-fixing. Once I was finished, I wanted to go back and start all over again. As the article states, “The truth is that a business plan is not a crystal ball that can predict the future. At a certain point you have to close your eyes and take the leap of faith.”(Resnick 1) Being an entrepreneur is not easy at all, the individual is definitely a risk taker, but at the same time is going through with it, with confidence.
I am slightly confused because in the article we had to read for this week about working in groups, it stated that group were not the best idea because it influences peoples decision and they do not think objectively about situations. But in this article it warns about starting a new venture on your own. I guess it depends on the situation? Anyone have any thoughts?
I found it interesting to see that one of the 10 mistakes made by start-up entrepreneurs was not writing a business plan. I guess people think they can just wing it or something. A business plan is a “road map” for any new business venture, as we are learning ourselves. I wonder if start-up entrepreneurs do not write business plans simply because they do not know how to do it, or if they do not realize that they can. The photo of the businessman falling in the water is a great visual for this article, he must not have written a business plan.
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Over thinking your business plan, can be a major dilemma. For example, for my small business class, the professor has guided us step by step in creating a business plan. But when it came to actually creating one from scratch, I saw myself erasing and constantly re-fixing. Once I was finished, I wanted to go back and start all over again. As the article states, “The truth is that a business plan is not a crystal ball that can predict the future. At a certain point you have to close your eyes and take the leap of faith.”(Resnick 1) Being an entrepreneur is not easy at all, the individual is definitely a risk taker, but at the same time is going through with it, with confidence.
I am slightly confused because in the article we had to read for this week about working in groups, it stated that group were not the best idea because it influences peoples decision and they do not think objectively about situations. But in this article it warns about starting a new venture on your own. I guess it depends on the situation? Anyone have any thoughts?
I found it interesting to see that one of the 10 mistakes made by start-up entrepreneurs was not writing a business plan. I guess people think they can just wing it or something. A business plan is a “road map” for any new business venture, as we are learning ourselves. I wonder if start-up entrepreneurs do not write business plans simply because they do not know how to do it, or if they do not realize that they can. The photo of the businessman falling in the water is a great visual for this article, he must not have written a business plan.
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