![]() ![]() Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Due to electronic rights restrictions, some third party content may be suppressed. Hence, most entrepreneurs start out with insufficient capital with an aim to secure more along the way.This is an electronic version of the print textbook. Most entrepreneurs fail to secure sufficient capital from outside sources unless they have somehow proven themselves or have a marketable prototype. ![]() Capital is the foremost requirement of any entrepreneurial venture. Entrepreneurs start with sufficient capital.However, they do have good awareness about the potential of their offering, which gives them the confidence to assume the risk. Entrepreneurs complete extensive research before taking the first step. Unless an existing business is setting up a new business line on a new concept, entrepreneurs start with very limited or no research.Entrepreneurs venture out only after gaining significant experience in the industry. Most entrepreneurs are young, inexperienced individuals who follow their passion.Most are identifying and capitalizing on a mix-n-match approach. Google did not invent the internet, McDonald's did not invent the cheeseburger, Starbucks did not invent coffee. It’s the identification and capitalization of the idea and rapid growth rate that make the venture entrepreneurial. This is also partially true not all entrepreneurial ventures are true breakthroughs. Entrepreneurs start a business with a revolutionary invention. ![]()
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