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Writing the Social Venture Business Plan - page 9 / 19

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Focus on the Best Opportunities - continued 5. Make a business plan

Creating a business plan may be the best way to evaluate an opportunity. (see page 19 for more)

Execute

6. Improvise as you implement

Sometimes the implementation of the plan has its problems. The entrepreneurial ED is ready to improvise as she implements. The best plans are never perfect. Some internal and external events change the nature of the opportunity. Be prepared to go off of the sheet of music and play a new song.

Entrepreneurial Leadership

7. Set the climate for opportunity exploration

The more people who are seeking opportunities for your organization to be better, the more your job will be to choose the “right” opportunities. As an entrepreneurial ED you are the one who sets the climate for exploring new ways of doing what the organization has done. Are you a warm breeze or a cold shoulder?

Adapted from The Entrepreneurial Mindset (McGrath and MacMillian 2001)

Page 9

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