Reading reflection

This chapter is all about preference in my opinion. It has some really good advice but not everyone is the same. Strategic planning is something that I would personally recommend but not everyone good that happens, has to be planned. A lot of people who run into new venture ideas just run into them and take the opportunity they aren’t necessarily looking for it. like the chapter mentioned and I really agree with is the fact that everything here has one common element, its that it’s an extension of the entrepreneurship vision. Research suggest that small business that use strategic planning are better off, but honestly strategic planning in my opinion is not a by the book thing. Someone out of the business college here has a lot of knowledge and there are going to apply it in the real world, doesn’t have to be labeled a plan. What I don’t agree with is the fact that they say entrepreneurs have to concentrate on 3 things. Increasing perception, institutionalizing the venture goals, and desire to be innovative. Yes all these things are important but almost all start us won’t have the capital to fund this and other things take more importance at times. All in all this chapter has a lot of great advice and if I could ask the author anything is about personal experience. he write all this stuff and all these things you should know, well I want to know if he has implemented any of it in real life.