Reflective Essay

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455003536315660006638290Microsoft360000MicrosoftcentercenterStudent’s Name Institution Date 9500095000Student’s Name Institution Date 4550035363152500251460The paper provides a reflection of my experiences as a young entrepreneur and the lessons that will make me better in business management. 3700030000The paper provides a reflection of my experiences as a young entrepreneur and the lessons that will make me better in business management. 44000341947525002514604000070000455003536315690006939915370000455003536315350003520440REFLECTION 3600028000REFLECTION Reflection as an Entrepreneur As a young entrepreneur, I have had some experiences in the business field. I tried to set-up shoe shop that never reached the expected limits in terms of profit making because of the lack of proper knowledge in business management. The business idea was that I could set-up the shop and only follow the trend of other similar businesses. The shop had varying types of shoes without specific target. However, there are some of positive experiences that I got from the small business. I learned the process that an organization can take to determine its business path. In the planning process, a company should have strategic and realistic planning and goals. The management must set the period a goal should be achieved and how to outdo competition to achieve the goal. During the planning process, an organization ought to define its strategic vision and mission. A mission statement is vital for every business because it establishes the purpose and the activities that the enterprise should be involved in to achieve its goals. Another valuable lesson is that a

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