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Originally Posted by maxjohan Can someone give me an example of the strategic entrepreneur with vision. I want to grasp this concept because I see it as the most important thing in the report... thanks!
maxjohan  |
Outstanding question!
In a world consumed with "tactics" it's truly "strategy" that is far more important (in my opinion).
I don't think it's a coincidence that the truly great entrepreneurs seemed to spend far more time thinking about strategy than most entrepreneurs.
A strategist is someone that decides before hand exactly what they want to earn per year and then creates a plan featuring many details and contingencies on how they are going about achieving this goal.
A tactician decides they are going to write an ebook and sell it on ebay.
A strategic copywriter will figure out before hand how much they want to earn per year, how many hours they want to put in, how many clients they need and will then devise a complete marketing plan (with realistic marketing investment level) and will then put the plan into action.
A tactical copywriter will declare they are a copywriter, put together a website, submit it to a 1,242 search engines and directories, and then wait for the phone to ring (they'll also come to a forum like this 6 months later lamenting how lousy a career copywriting is because they aren't making any money).
Gates, Dell, Trump, Branson, Martha, Opra... all great strategic entrepreneurs.
Here are some books that I highly recommend for digging deeper into the issues of strategic thinking as it applies to business and life...
"Smart Strategy" by Richard Koch
"The Natural Laws of Business" by Richard Koch
-- just a side note, when it comes to understanding business and how to succeed at it, Richard Koch, the author and consultant from UK quite frankly is one of the most brilliant people I've ever come across.
"The Entrepreneur's Manual" by Richard M. White Jr. has a section on "Gap Analysis", which is a major component of strategic thinking, that is just amazing. While the book is almost 30 years old this one section makes it priceless IMHO.
"Purple Cow" & "Free Prize Inside" by Seth Godin. Thinking about and creating a product that is unique, has apparent value and pleasantly surprises the end user is very strategic.
"33 Strategies of War" by Richard Greene is an powerful book that shows how the strategic lessons of war can be applied to life and business for ultimate benefit-- a great read!
"Winning Through Intimidation" by Robert Ringer. Teaches you how to be realistically strategic when dealing with others.