Describe each of the five critical factors involved in the prestart-up and start-up phases of a new venture.
Answer to relevant QuestionsIdentify and discuss two examples of managerial problems that can cause a venture to fail.Identify and discuss three examples of product/market problems that can cause a venture to fail.What are the advantages of buying an ongoing business? Explain them.What “right questions” need to be answered when deciding whether to buy a business?An entrepreneur is in the process of contacting three different venture capitalists and asking each to evaluate her new business proposal. What questions should she be able to answer about each of the three?
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