![]() Then read the article at, which discusses types of mentors. Read the article at on the benefits of having a mentor, and click on the resources the author provides in the article. (attribution: Copyright Rice University, OpenStax, under CC BY 4.0 license) Having someone to bounce ideas off is a great asset to have when imagining the possibilities of the future.įigure 1.7 Finding a mentor can provide you with invaluable benefits. ![]() Or better yet, find a mentor in your chosen area of interest and keep this person apprised of your progress. You might also consider talking with someone who has experience in the industry to give you suggestions. If you experience a mental block, try changing your environment-go outside, try a different time of day, or go to a setting that has similarities to the business you are interested in creating. Or set aside a short time each day that you can spend on this task so you train your mind to think about the vision you are setting for yourself. You may want to start with an outline and fill in the details later. This is normal, especially in the early stages of the process. In spite of your best efforts, you may have trouble putting your entrepreneurial vision on paper. Both concepts of a future vision and the mission of the venture should be formalized into statements. ![]() We might solve a problem, but if the value proposition isn’t relevant or seen as “real” by the customer, the venture will probably not be successful. Not only do you need to solve the problem, but you also must provide value. This relates back to the perspective of problem solving. The value proposition is a summary statement that conveys the benefits your product, service, or unique business process/model provides to customers. In describing your mission, carefully think about the value proposition that you provide. The mission statement is a formal declaration about what the venture will do, what value it will provide to the end customer, and how it will accomplish this action. In later chapters, we discuss how this change requires open-mindedness and a willingness to adapt. Be aware, though, that oftentimes, the identified vision at the start of the venture changes into something different. A vision statement is the picture you have for what the venture will become in the future: what it will grow into. Unfortunately, many potential entrepreneurs have dreams and ideas but never develop a concrete vision. Vision speaks to what the entrepreneur wants the business to look like in the future-perhaps five or ten years out. An entrepreneur’s vision is the start of a roadmap that will determine where he or she wants to go with their entrepreneurial efforts. This occurs even when the person has no idea how (or if) what they desire to accomplish or create will become a reality. What do you see in your future? How do you want to contribute to the world? Entrepreneurial VisionĮvery successful entrepreneur that you encounter or read about likely started with an image or idea related to something he or she felt passionate about creating. Although there is no secret to success, you do need to have some idea about what you envision for your entrepreneurial future. Some know exactly what they want to create, whereas others figure it out as they go along. Many would-be entrepreneurs aspire to launch the next great business or organization that will change the world. Establishing your vision is the first of several steps toward making your venture a reality. ![]() Vision is an important part of everyone’s future, and this is especially true for entrepreneurs. This section is designed to help you develop your entrepreneurial vision. When you think of yourself as a successful entrepreneur, what types of images or feelings do you experience? Do you find yourself daydreaming about creating the next great solution to society’s problems, or do you see yourself providing a solution for the next health or environmental crisis? Maybe you can imagine yourself creating something that equally balances art, function, and ingenuity. By the end of this section, you will be able to: ![]()
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