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Explain the challenges involved in new-venture development

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Reference no: EM131157060

Please answer these 6 questions small honest response's.

1. Explain the challenges involved in new-venture development.

2. Describe some of the key factors involved in new- venture performance

3. Many entrepreneurs lack objectivity and have no real insight into the market. Why these characteristics are considered pitfalls of selecting new ventures?

4. Many entrepreneurs have a poor understanding of the finances associated with their new venture and/ or have a venture that lacks uniqueness. Why these characteristics are considered pitfalls of selecting new ventures?

5. Describe each of the five critical factors involved in the prestart-up and start-up phases of a new venture.

6. Identify and discuss three examples of product/ market problems that can cause a venture to fail.

Reference no: EM131157060

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