The successive transition from one paradigm to another via revolution

Entrepreneurial Planning

7 comments on “Entrepreneurial Planning
  1. Chris Towle says:

    Hey T,

    I’ve always enjoyed the way your site has been set up. It is very visually appealing with the graphics you have.

    What if you changed the headers at the top to read just the name of the course like you have for some, like “Entrepreneurial Planning”, instead of “ENT 640…”. This may be more intriguing to someone outside of the ME program viewing your blog and people from the ME program can still determine what class your work is for. Just a thought.

    Look forward to another class with you! Can’t believe this is our last semester.

    Best,
    Chris

  2. Matthew says:

    Hello Toochi,

    I really enjoy the lay-out of your blog and the graphic content that creates excitement in the reader.

    In response to your post “To Be A King or To Be Rich,” I found it interesting how you found another source from the author. I believe that the diagram, allows for a visual representation of a concept that deserves more attention than it receives: the motives of the entrepreneur. It appears from the statistics that most entrepreneurs opt for being “Rich” rather than “King” and dealing with running the company. In my experience, I would say that most entrepreneurs I know, operate in this fashion. It seems they love the challenge, thrill, and passion that comes with starting a venture successfully, but once it is a well oiled machine, they move on- therefore choosing the wealth from selling etc.

    Great read! Thanks,
    Matthew Esposito

  3. Michelle Ballard says:

    Hi Toochi,

    Like your blog post, the diagram is a succinct way of viewing the choices and potential outcomes from choosing the, “King” or “Rich” motivation. Although the author’s research has shown that founders have to choose between building wealth and maintaining control, I believe that if a founder identifies their true motivation early in the process, they can be better prepared to make decisions that would allow them to relinquish some control when necessary to improve the company’s bottom line.

  4. Tremaine says:

    T.,

    This was a great response to our discussion. Statistically speaking from your research, it would seem that not many are staying in control and reaping the benefit of it.

    In this class and working on a business plan has made me think more about the aspect of learning how to find the right people to help you get to wealth. I think in my initial thoughts I wanted to take the approach of being the Leader forever. However I am learning that if I want the end of the spectrum, which to me includes maintaining a financially prosperous business I may need to consider looking at not being KING forever.

    I look forward to seeing how our businesses will grow and which approach we will ultimately choose!

    T. Kwasikpui

  5. Michelle Ballard says:

    Hi Toochi,

    This is a very informative post regarding not only the importance but also the benefits of building social capital. I also liked the fact that included how social capital benefited managers, as well as entrepreneurs. Overall, good information.

    Michelle Ballard

  6. Doc Dillard says:

    I like your article on social capital. Do you think that reputation is everything when it comes to a new business venture? Does your reputation transfer with you?

    • Toochi says:

      I do think that your reputation is a key factor in how people portray their reality of you or your company. One blemish on someone’s reputation can hinder them, especially in this age of social media with everyone being a critic.

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