Part C. What are the most important things that you can do for a venture in...

Part C. What are the most important things that you can do for a venture in order to get the odds of success in your favor? Explain. (10 points)

Expert Solution

The most important things that venture can do in order to get the odds of success in its favour are:

1. Management.
Management of any venture is crucial for any ventures success. Having great people in teams and top management will increase the chances of success.

2. The Idea:
The Idea should add value to society and bridge the gap to the problems.

3. Technology+internet:
In the 21st century, any venture with no connection to technology will be handicapped. The venture should be able to take advantage of newer technology. It must be technology-driven.

4. Marketing:
Genius marketing can sell any product. Sales are the linkage between success and failure. Having strong marketing teams ensure business success. The entrepreneur himself should become a great salesperson to sell his ideas.

5. Financial Management:
Finance is the lifeline of the business. Having a good financial mind in very important in the business to manage the working capital to capital budgeting decisions.

jeff jeffy answered 1 month ago

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