Question: Given that many new businesses fail in the first few years after they are established, how should an entrepreneur think about the risk of failure

Given that many new businesses fail in the first few years after they are established, how should an entrepreneur think about the risk of failure associated with a new business? From what you have learned in this chapter, what can an entrepreneur do to increase the chance of success?

Step by Step Solution

★★★★★

3.50 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

First of all it is important for an entrepreneur to understand why many new businesses fail Common r... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

141-B-C-F-F-P-M (291).docx

120 KBs Word File

Students Have Also Explored These Related Corporate Finance Questions!

Given what you have learned in this chapter (for example, from the behavior model and path-goal theory), does Caruso seem to be performing appropriate leader behaviors in this situation? What advice...

In a concise paragraph, paraphrase what you have learned about strike replacements to explain to your parents or spouse why this is such a controversial issue in labor relations. Should the NLRA be...

The first few years after the turn of the century saw a rapid increase in housing values, followed by a rapid decline due in part to the sub-prime crisis. The following table indicates the increase...

Given that many new businesses fail in the first few years after they are established, how should an entrepreneur think about the risk of failure associated with a new business? From what you have...

Given that many new businesses fail in the first few years after they are established, how should an entrepreneur think about the risk of failure associated with a new business? What can an...

Given that many new business fail in the first few years, how should an entrepreneur think about the risk of failure associated with a new business from what you have learnt? what an entrepreneur do...

after the reading pleade respond with 3 take aways from the reading!! It breaks my heart to read about veterans returning from the Iraq and Afghanistan, unable to find jobs. It breaks my heart to see...

During the past year a company had total fixed costs of $70,000. Its product sold for $9 per unit. Variable costs during this time equaled $5 per unit. Next year the company is anticipating a 4%...

Stuckies produces white school glue. Their glue bottles are primarily sold at department stores across the country. The cost of manufacturing and marketing their glue, at their normal factory volume...

n = 1 ( - 8 ) n - 1 3 n - 1

Prepare a PowerPoint Presentation that discusses each element that you would include in a contract for the building of a home. You do NOT include the concepts that lead to contract creation. This...

Robert Su and Carol Tso are senior vice presidents of Ping An Insurance (Group) Company of China Ltd. Sus main responsibility is fixed income securities (primarily bonds) and Tso being responsible...

Idea furniture manufactures and sells a range of household furniture items and goods. Nitika Singh, Idea's management accountant, has been given the task of compiling the company's standard costs, as...

As an experienced networking professional, you are asked to conduct a posture assessment on a local credit union's network. The credit union currently has two locations, a headquarters downtown...

Ryde company produces several chemical pesticide products for agricultural producers. Ryde offers farmers an extensive range of premium products and expertise, and is committed to research and...

Which one of the following courses of action would not be taken by a firm wanting to pursue a learning curve steeper than the industry average? a) Following an aggressive pricing policy b) Focusing...

How do soft rationing and hard rationing differ? What are the implications if a firm is experiencing soft rationing? Hard rationing?

You are at your desk at work when a co-worker excitedly comes to your desk and shows you the scenario analysis that he has just completed for a potential new project. All three scenarios show a...

Night Shades, Inc. (NSI), manufactures biotech sunglasses. The variable materials cost is $10.48 per unit, and the variable labor cost is $6.89 per unit. a. What is the variable cost per unit? b....

ADVANCED BUSINESS STATISTICS HOMEWORK Prepare a bar chart for the data in the following table. This hypothetical table shows the number of home runs hit in 2017 by these three baseball players. The...

Suppose a 6-sided die is weighted to create the following probability distribution. Determine P(4). Outcome 1 2 3 Probability 0.07 0.27 0.1 4 Let E be the event of rolling an even number. Determine...

On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the...