Explain how a comprehensive feasibility approach works.
Answer to relevant QuestionsMany 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?What is the new-new approach to starting a new venture? How does this approach differ from a new-old approach?How can a prospective franchisee evaluate a franchise opportunity? Explain.Using Figure describe some of the sources of capital available to entrepreneurs, and discuss how they correlate to the varying levels of risk involved with each stage of theventure.Identify and describe three objectives of venture capitalists.
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