MGT 3111 Chapter : Product Lifecycle
Document Summary
In addition, the c. a. you have today will not be relevant after a period of time, so the key is to constantly look for ways to move your ca to the left of the. Why entrepreneurs start new ventures (book: the need for approval, the need for independence, the need for personal development, welfare (philanthropic) considerations, perception of wealth, tax reduction and indirect benefits, following role models. The entrepreneurial motivations of individuals usually relate to the personal characteristic of the entrepreneur, the environment and the venture itself. Is there a market willing and able to buy. Main reasons why businesses fail: underestimate cost of capital (start-up costs and working capital) and overestimate revenue. Pitfalls people tend not to consider: lack of objectivity. Don"t get too attached to the idea. Need to acknowledge problems and work around it: no insight into the market. Have to introduce it at the right time to get a ca.
