文档介绍：Part IV – Initiating Entrepreneurial Ventures
Chapter 11 – Assessment and Evaluation of Entrepreneurial Opportunities
Chapter 12 – Legal Structures for New Business Ventures
Chapter 13 – Legal Issues Related to Emerging Ventures
Chapter 14 – Sources of Capital for Entrepreneurs
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Chapter 11 – Assessment and Evaluation of Entrepreneurial Opportunities
The Challenge of New-Venture Start-Ups
600,000 new firms have emerged in the United States every year since the early 1990s.
The . Patent Office currently reviews more than 375,000 patent applications per year.
The Elements Affecting New-Venture Performance
Entrepreneur’s Characteristics
Environment
Founding Processes
Initial Firm Characteristics
Performance
Pitfalls in Selecting New Ventures
Lack of Objective Evaluation
No Real Insight into the Market
Inadequate Understanding of Technical Requirements
Poor Financial Understanding
Lack of Venture Uniqueness
Ignorance of Legal Issues
Critical Factors for New-Venture Development
Uniqueness
Investment
Sales Growth
Lifestyle ventures
Small profitable ventures
High-growth ventures
Product Availability
Customer Availability
Why New Ventures Fail
Product/Market Problems
Financial Difficulties
Managerial Problems
Types and Classes of First-Year Problems
1. Obtaining external financing
2. Internal financial management
3. Sales/marketing
4. Product development
5. Production/operations management
6. General management
7. Human resource management
8. Economic environment
9. Regulatory environment
External Problems Experienced by Entrepreneurs
Internal Problems Experienced by Entrepreneurs