Question: What are the five specific feasibility phases that a new venture will go through? List and describe three pitfalls in selecting a new venture. Explain

What are the five specific feasibility phases that a new venture will go through?

List and describe three pitfalls in selecting a new venture.

Explain three major reasons why new ventures fail.

What sorts of legal issues can be overlooked when assessing an entrepreneurial opportunity?

New research contends that people will judge the legitimacy of a new venture though their own lenses because of their different environmental contexts. Explain who these audiences are and the logic that they use to judge legitimacy of a new venture.

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