The Options that are appropriate for one

entrepreneurial venture may be completely

inappropriate for another.

This statement is true. It is imperative that the

entrepreneurs do take a step of making the

decisions which are valid and right for them.

There are a few rules and frameworks which

enable the entrepreneurs in analysing the

circumstances in which they are found to be,

establishing the priorities amongst the

opportunities and the difficuties faced by them

and making the rational decision that will be

lucrative for them in the future. These

frameworks are applied to all entrepreneurs

irrespective of the size of their business or the

scale of their business. For example a printing

cafe or a bookseller who are seeking a good

profit margin. The entrepreneurs are supposed to

use only the framework which evaluates the

position of their company and the potential for

growth, and not when the problems arise.

The framework of growth comprises of a three

phase series of questions.

1. Clarification of the goals of an entrepreneur.

2. Strategies for achieving these goals.

3. Assessing the ability to fulfil the strategies

Each entrepreneur must analyse the basics,

futuristic issues before they understand the

details and the refinements. The approach is not

a universally applicable rigid methodology.

What are the discussion on this statement.