Sunday, April 3, 2016

Week 12 Reading Reflection



One question would be, with a lack of expertise and/or skill as a reason for not planning correctly, how would one overcome that if they are already concerned about costs of opening anyway?  Another question I would ask the author is, if the business is up and running, what is the best way to motivate a “$10/hour employee” to effectively live out and implement your venture strategy?  This venture is your baby and of course you want to see it succeed, what can you do to get all levels of employees to feel the same way?  The most confusing part of the chapter to me is the table for “Position, Leverage, and Opportunities” on page 478.  I looked over that table multiple times and am still not sure if I am reading it right or what I am supposed to be reading off of it.  I really enjoyed looking at the table on page 491.  This table was for the differences of a Managerial and Entrepreneurial mindset.  Looking at the differences for a similar situation and then comparing them to my feelings or thoughts was quite interesting.  I did fall on side of the Managerial mindset much more so than Entrepreneurial.  

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