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Entrepreneur Phases (A better way... start over but differently (Initiate…
Entrepreneur Phases
A better way... start over but differently
Initiate awareness of what conditions are truly present
Consider size
True passion for personal transformation
Anticipation of operations
Understand key processes, key objectives
Write a plan
Infancy: The Technician's phase where the owner and the business are one and the same
Technician wants to work without a boss
Work is their middle name
Consumed by work
Master Juggler doing it all
Things get missed/balls dropped
Business folds
Moves on to next stage
Boundary: How much work can I do myself?
Maturity: Perspective makes the difference
Knows how it got to be where it is
Knows what it must do to get where it wants to go
Entrepreneurial Perspective
Vision of the whole
intention of actions
present day world is modeled by vision
Wider, expansive scale producing a systemic way of business
measurement is clear and recognizable
Entrepreneurial Model
Fulfills the perceived needs of targeted customers in an innovative way
Focus is on the opportunity
Solution meets the identified need
Created with customer in mind
Stimulates and excites imagination
Balanced to satisfy entrepreneur, manager, and technician
Adolescence : The Manager's phase where the owner hires help to fill gaps
Growing the business to a strategic view by going through some sort of crisis in the previous stage
Boundary: How many technicians can I supervise into a productive effort?
Limits of comfort zone to control environment
Return to Infancy
return to simpler times
Owner becomes the technician doing it alone
tyranny of routine
Go for Broke
remain in adolescence
self destruction
explosion in marketplace/chaos
growth outgrows the business
Hang on for dear life
Determine to survive at all costs
consumed by work
personal failure/explosion
hiring technicians with experience to perform functions
Management strategy
Systematic
Designed into your prototype to produce a marketing result: to find and keep customers
Automated
improves satisfaction
less risk to miss details
Excellence to go beyond expectations
Gives the business owner technical and management control without doing it all