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The Question Every Entrepreneur Must Answer

Article based on three questions entrepreneur must ask from themselves before starting new venture? Where do i want to go? strategies Capabilities

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Arslan Shah
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99 views23 pages

The Question Every Entrepreneur Must Answer

Article based on three questions entrepreneur must ask from themselves before starting new venture? Where do i want to go? strategies Capabilities

Uploaded by

Arslan Shah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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The Question Every

Entrepreneur Must Answer


GROUPS
Endeavors
Professional

Presenter
Syed Arslan Ahmad

Questions that Must Answer


Where do I want to go?

How will I get there?

Can I do it?

Where Do I Want To Go?


What you want
personally from your
goals?
The kind of enterprise
required.
Risk Tolerance

How will I get there?


Successful Strategy
Generate Sufficient
Profit and growth.
Serve the enterprise
long-term.
Establish the right
growth rate.

Can I Do it?
Resources
Infrastructure
Role flexibility

Questions that the entrepreneur


confronts
What business they
want to be in?

What capabilities they


want to develop?

Reasons of Failure
Lack of Coherent
Strategy.
Absence of competitive
Advantage
Inadequate talented
Employee
Unclear Reporting
Relationship
Less Control

Framework which guide Entrepreneur


Analyze the situation in which they find
themselves.
Establish priorities among the opportunity.
Rational decision about future.
Evaluate the company goals.

Presenter

The framework consist of three step


sequence questions.
Current Goals

Evaluate Strategies

Assess the capabilities

Clarifying Goals
Where I want to go?

Clarifying Goals
What kind of enterprise
do I need to build?
Sustainability
Life style Entrepreneur
Entrepreneur personal
Goal determine the target
size of business.

Clarifying Goals
What risk and sacrifices
does such an enterprise
demand?
Can I accept those risk
and sacrifices?

Presenter

Setting Strategies
How will I get there?

Setting Strategies
Is strategy is well
defined?
Can strategy generate
sufficient profit and
growth?
Is the strategy
sustainable?

Presenter

Executing the Strategy


Can I do it?

Executing the Strategy


Do I have right
resources and
relationship?

Executing the Strategy


How strong is the
Organization?
Hard infrastructure
Organizational Structure
System

Soft Infrastructure
Culture
Norm

Executing the Strategy


Can I play my role?

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