Explain the challenges involved in new-venture development

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Reference no: EM133611525

Questions:

Explain the challenges involved in new-venture development.
Describe some of the key factors involved in new-venture performance
Many entrepreneurs lack objectivity and have no real insight into the market. Why are these characteristics considered pitfalls of selecting new ventures?
Many entrepreneurs have a poor understanding of the finances associated with their new venture and/or have a venture that lacks uniqueness. Why are these characteristics considered pitfalls of selecting new ventures?
Describe each of the five critical factors involved in the pre-start-up and start-up phases of a new venture.
Explain why the development of an effective entrepreneurial team is critical for today's entrepreneurs.
Identify and discuss three examples of product/market problems that can cause a venture to fail.
Identify and discuss two examples of financial difficulties that can cause a venture to fail.
Identify and discuss two examples of managerial problems that can cause a venture to fail.
List four major types of problems that new ventures confront.

Reference no: EM133611525

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