Personal Strategy Paper
This is paper designed to help you understand your own entrepreneurial strategy. Using the discussion by Timmons (below), examine your own potential for being or becoming an entrepreneur. What skills do you possess that an entrepreneurial team would require? Are you the leader, or will you have a different role on an entrepreneurial team? What strengths and weaknesses do you bring to the team? How will you compensate for your weaknesses, if any?
Crafting a Personal Entrepreneurial Strategy (Timmons 1999, http://www.mhhe.com/business/management/timmons/entrepeneurialA.doc)
If you don't know where you're going, any path will take you there.
Upon completion of this exercise, you will have:
• Looked at the self-assessment process.
• Examined a framework for self-assessment and developed a personal entrepreneurial strategy.
• Identified data to be collected in the self-assessment process.
• Learned about receiving feedback and setting goals.
A Personal Business Plan
Crafting a personal entrepreneurial strategy can be viewed as the personal equivalent of developing a business plan. As with planning in other situations, the process itself is more important than the plan. The key is the process and discipline that put an individual in charge of evaluating and shaping choices and initiating action that makes sense, rather than letting things just happen. Having a longer-term sense of direction can be highly motivating. It also can be extremely helpful in determining when to say no (which is much harder than saying yes) and can temper impulsive hunches with a more thoughtful strategic purpose. This is important because today's choices, whether or not they are thought out, become tomorrow's track record. They may end up shaping an entrepreneur in ways that he or she may not find so attractive 10 years hence and, worse, may also...