Please answer these 6 questions small honest response's.
1. Explain the challenges involved in new-venture development.
2. Describe some of the key factors involved in new- venture performance
3. Many entrepreneurs lack objectivity and have no real insight into the market. Why these characteristics are considered pitfalls of selecting new ventures?
4. Many entrepreneurs have a poor understanding of the finances associated with their new venture and/ or have a venture that lacks uniqueness. Why these characteristics are considered pitfalls of selecting new ventures?
5. Describe each of the five critical factors involved in the prestart-up and start-up phases of a new venture.
6. Identify and discuss three examples of product/ market problems that can cause a venture to fail.