Surname 1
Student’s Name
Instructor’s Name
Course Title
Date
The 4S Plan
Currently, I believe that the person’s formulated plans towards being a successful
entrepreneur are likely to fail. The plans appear to be lacking enough concepts on
entrepreneurship. However, I am planning to apply the 4S project that involves four ideas,
namely, success, situation, source, and solution, in order to achieve the anticipated outcome.
I intend to identify the problems facing my client and offer significant advice. Thus, I
will begin by inquiring about his current position, then offer solutions, and later observe his
progress. My wish is that he succeeds at starting a small business that would require less startup
capital, but be able to offer the best products. As such, the enterprise would attract many
customers, and corresponding high profit (Steve & Sheehan 65). To begin with, the ‘Success’ of
the advice will be focused on gaining high monetary rewards and having a positive impact on the
others (Robert 27). To achieve the goal, he will start by re-investing the plough-back profits to
the business, in order to increase the business to a level that it would be enjoying the economies
of scale, which would maintain its competitive edge in the market.
Currently, considering ‘Situation’, the estimated project for the business is weak. To
begin with, according to his remarks, he has not yet established a suitable environment to set the
business. Moreover, he has not organized sufficient resources to run the enterprise. The capital
gathered is still not sufficient to meet the entire demands. In addition, he has not identified the
Student’s Name
Instructor’s Name
Course Title
Date
The 4S Plan
Currently, I believe that the person’s formulated plans towards being a successful
entrepreneur are likely to fail. The plans appear to be lacking enough concepts on
entrepreneurship. However, I am planning to apply the 4S project that involves four ideas,
namely, success, situation, source, and solution, in order to achieve the anticipated outcome.
I intend to identify the problems facing my client and offer significant advice. Thus, I
will begin by inquiring about his current position, then offer solutions, and later observe his
progress. My wish is that he succeeds at starting a small business that would require less startup
capital, but be able to offer the best products. As such, the enterprise would attract many
customers, and corresponding high profit (Steve & Sheehan 65). To begin with, the ‘Success’ of
the advice will be focused on gaining high monetary rewards and having a positive impact on the
others (Robert 27). To achieve the goal, he will start by re-investing the plough-back profits to
the business, in order to increase the business to a level that it would be enjoying the economies
of scale, which would maintain its competitive edge in the market.
Currently, considering ‘Situation’, the estimated project for the business is weak. To
begin with, according to his remarks, he has not yet established a suitable environment to set the
business. Moreover, he has not organized sufficient resources to run the enterprise. The capital
gathered is still not sufficient to meet the entire demands. In addition, he has not identified the
