BUS5425 Entreprenuerships

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I’m working on a business writing question and need an explanation and answer to help me learn.

1 Describe opportunity identification for the entrepreneur. 

2 How are prior knowledge and learning important to the recognition of opportunities? 

3 Explain the challenges involved in new-venture development. 

4 Many entrepreneurs have a poor understanding of the finances associated with their new venture and/or have a venture that lacks uniqueness. Why are these characteristics considered pitfalls of selecting new ventures? 

5 Identify and discuss three examples of product/market problems that can cause a venture to fail. 


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