Questions an entrepreneur must answer


From an interesting HBR paper by Amar Bhide

Where do I want to go? (quick profits or generate a satisfactory cash flow or capital gains)

1. What kind of enterprise should I build to reach there?
2. What risks and sacrifices to such an enterprise demand?
3. Am I ready to take such risks and sacrifices?

How do I get there?

1. Do I have a strategy in place?
2. Is my strategy well defined?
3. Can my strategy generate the desired sufficient profits and growth?
4. Is my strategy sustainable?

Executing the strategy ~ can I do it?

1. Do I have rights resources and relationships in place?
2. How strong is my organization? (structure, infrastructure, norms and values)
3. Can I play my role? (need to evolve from doing, to make others do, prescribing desired results and eventually managing the overall context)

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