Professional Development Plan for Becoming a Successful Entrepreneur

This paper provides a professional development plan for analyzing weaknesses and improving skills to become a successful entrepreneur. It includes SMART goals, methods, and Key Performance Indicators for development in the entrepreneurial context.

Business Entrepreneur
Student’s Name:
Student’s Id:
Subject:

1
Table of Contents
Introduction.................................................................................................................................................2
Professional development plan to become a successful entrepreneur.......................................................2
Reviewers....................................................................................................................................................5
Five questions for the reviewers.................................................................................................................5
Feedback from the reviewers......................................................................................................................6
Conclusion...................................................................................................................................................7
References...................................................................................................................................................8

2
Introduction
The primary purpose of the paper is to provide a professional development plan for analyzing the
weaknesses that need to be improved to become a successful entrepreneur. It will prepare the
plan by providing several methods for achieving the goals. The professional development plan
will include five steps, and KPI will be provided for each goal. Two professional mentors will be
identified for reviewing the plan as well as providing feedback. The plan would help in
improving my entrepreneurship skills.
Professional development plan to become a successful entrepreneur
Professional Development Plan refers to a strategic plan used to motivate for getting success by
achieving goals (Duening, 2017). The main purpose of this plan is to develop my SMART goals,
methods as well as Key Performance Indicators for my development as an entrepreneur
(Mazzotti, Rowe, Simonsen, Boaz & VanAvery, 2018). The plan mainly focuses on achieving
the goals that are useful for my development in my profession (Landers, Bauer & Callan, 2017).
It focuses on learning and development.
Seria
l No.
Steps What I will
work on
My SMART
goals
Methods to
achieve the
goals
KPI for
each goal
Timeline
for
completin
g the steps
1 My
personal
attributes
Time
managemen
t
SMART Goal
I will learn to
manage my
time in a better
way by
completing a
list of works
every day.
With the help
of SMART
goal,
managing time
for completing
a work could
be learned by
using
templates or
any other
things
(Cormier &
Elliott, 2017).
Personal
challenge
I will prefer to
I will use a
template to
complete my
work. I will
choose a
particular time
on Sunday to
focus on my
goal.
Set the alarm
on the mobile
phone for
reminding to
switch off the
TV and
complete the
task.
Actionable
indicators
can be used
for achieving
this goal
(May,
Barletta,
Stahl &
Taisch,
2015). I will
complete
one template
every
Sunday.
I will work
every
Sunday for
three
months to
achieve my
goals

3
watch TV less
and give more
priority to my
work by
setting all the
time for
focusing on
the goal.
2 My
knowledg
e
Technology
managemen
t
SMART goal
I will learn to
manage new
technologies at
work by
adopting
technology
courses.
Accomplish
the bachelor
degree in the
technology
field and learn
innovative
ideas through
managing the
technology.
Personal
Challenge
I will avoid
playing games
or watching
movies in the
technology
systems and
focus on
learning
managing the
technologies in
complex
situations.
Internship for
gaining
knowledge as
well as
experience in
technology
management
(Lindström,
2016).
Process
Indicators
can be used
for achieving
this goal. I
will
complete
one
technologica
l program in
one week.
Go for
internship
twice in a
week.
3 My skills Conflict
managemen
t
SMART goal
Poor managing
of conflicts
causes
negative
effects on the
Controlling
emotions and
behavior,
staying calm
or read verbal
communicatio
Qualitative
indicators
for achieving
the goal. I
will
communicat
Every
Sunday
during the
trimester.

4
performance. I
will utilize my
communicatio
n skills in
resolving the
conflicts as I
feel
comfortable to
share my
opinions with
the people.
Personal
challenge
I often take
away myself
from the place
where conflict
arises. I will
try to resolve
the conflict by
sharing my
opinions.
n are the
methods to
achieve the
goals.
e with more
than five
people daily
to learn
conflict
managing.
4 My
networks
Business
managemen
t
SMART goal
I will attend
business
events such as
seminars or
conferences to
increase
business
networks and
identify
mentors for
learning
business
management
skills.
Personal
Challenge
I often visit
clubs and try
to visit
business
events in spite
Following up
the business
events or
persons
through social
media.
Practical
indicators as
it could be
done
practically.
Once or
twice in a
month.

5
of club events.
5 Improving
my plan
Planning
managemen
t
SMART goal
I will set out a
plan for the
daily activities
and work on it.
Personal
Challenge
I often used to
complete my
tasks without
any plan.
Committed to
a schedule for
the activities
and set a
process of
planning
(Wang, Chang,
Yao & Liang,
2016).
Directional
indicators
and I will
manage the
schedule
with a
perfect plan.
Every day
of the
week.
Reviewers
Here are a few professional mentors or networks who could review my plan and gives feedback:
1. Teachers
2. Business Conferences
3. Advisors
Five questions for the reviewers
1. Are my goals suitable to improve myself in the context of business or entrepreneurship?
2. Are the methods appropriate in achieving the desired goals?
3. Are the timelines adequate for completing the goals or is there the requirement of more
time?
4. Is it useful to adopt SMART goals for enhancing myself in the entrepreneurial context?
5. Are the Key Performance Indicators for each goal fit for improving myself in the
profession of an entrepreneur?
Feedback from the reviewers
The teacher has reviewed the plan and suggests that the goals are appropriate for improving in
the context of entrepreneurship. But the methods could be more effective and equivalent for
achieving the desired goals. The teacher also told that the using of SMART goals is quite good
for achieving the goals. On the other hand, I am required to propose appropriate Key
Performance Indicators (KPIs) for evaluating my progress on each accomplished goals.
Moreover, the timeline needs to be expanded for better accomplishment of the goals as well as
learning and development of the skills (Patton, Parker & Tannehill, 2015). An advisor advised
me to improve the methods as well as the timeline and set suitable methods for achieving the
goals. He also advised learning more and more skills to become a successful entrepreneur in the
future.

6
Conclusion
It has been concluded from the above that the professional development plan is beneficial in
developing specific goals for the development as an entrepreneur. Some of the Key Performance
Indicators are useful indicators, qualitative indicators, process indicators and directional
indicators used for achieving the goals. The goals are achieved through using SMART goal and
identifying the personal challenges. A particular method has been provided for each goal in
accomplishing the goals for success in the future. The plan could be reviewed by the advisors or
teachers for giving feedback so that it could be improved if needed.

7
References
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operational or aspirational, is ‘Life Below Water’sinking or swimming?. Marine
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persistence. Entrepreneurial identity: The process of becoming an entrepreneur, 1-30.
Landers, R. N., Bauer, K. N., & Callan, R. C. (2017). Gamification of task performance with
leaderboards: A goal setting experiment. Computers in Human Behavior, 71, 508-515.
Lindström, L. (2016). The case of open leisure activities organized in Swedish local councils:
The role of citizenship and entrepreneurship skills development. Citizenship, Social and
Economics Education, 15(2), 104-116.
May, G., Barletta, I., Stahl, B., & Taisch, M. (2015). Energy management in production: A novel
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Mazzotti, V. L., Rowe, D. A., Simonsen, M., Boaz, B., & VanAvery, C. (2018). Steps for
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Patton, K., Parker, M., & Tannehill, D. (2015). Helping teachers help themselves: Professional
development that makes a difference. NASSP Bulletin, 99(1), 26-42.
Wang, J. H., Chang, C. C., Yao, S. N., & Liang, C. (2016). The contribution of self-efficacy to
the relationship between personality traits and entrepreneurial intention. Higher
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