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Organizational Theory

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Setting a new business and risk taking your money, time , effort and energy is not a joke.No business is successful without suffering from problems and financial issues, you just have to be brave and patience enough in putting up your own business. In Ms. Sue Panskys’ situation she is a retired grade school teacher, she has a potential in investing her money and time in Starting Right Business because teachers are well organized and has a strong interpersonal skills.I think being a retired teacher who is a very passionate and have a fun personality will help her to explore and engaged in business venture. Since she is a retired teacher and has enough time to focus on the business I suggest that she will try and give chance for herself for another endeavor. In her age I presume that she is already a mother or a grandmother, it is not hard for her to market and love their own product,she is also a retired teacher in which I believed she has something connected with the children and she may have been so many suggestions to make the new set business flourish.

My recommendation is that Ms. Pansky must study the different characteristics of a new Entrepreneur must possess. 1. Goal oriented – this will help her to be more optimistic and positive thinker. An entrepreneur is a person who is setting its goal and putting there all into achieving it. 2. Committed to the business - Entrepreneurs are not easily defeated; they view failure as an opportunity for future success, and if they don’t succeed the first time, they’ll stay committed to their business and will continue to try and try again until it does succeed 3. Willing to take risk - A true entrepreneur doesn’t ask questions about whether or not they’ll succeed—they truly believe they will

Ms. Pansky also needs to investigate and study the type of business she wants to invest. Knowing the 4Ps will

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