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Evaluation of OpportunitiesSession 5

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Why should entrepreneurs conduct evaluation of opportunities?

Lack of objective evaluationNo real insight into the market and /or lack of industry knowledge

Inadequate understanding of technical requirement

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Poor financial understandingLack of venture uniqueness (USP)

Ignorance of legal issues

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What are the pitfalls in New Venture creation?

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Phases of New Venture Development

Pre start-upStart-upPost Start-upGrowth

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Critical factors for success in pre start-up and start-up

The relative uniqueness of the venture

The relative investment size of the venture

The expected growth of sales and /or profits as the venture moves through its start-up phase

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Critical factors for success in pre start-up and start-up

The availability of products during the pre start-up and start-up phases

The availability of customers during the pre start-up and start-up phases

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FAILURE IN BUSINESS

Why new businesses fail?Functional ProblemsInternal and External problems

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Any questions?

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THANKS