Evaluate a list of potential products or services to determine the likelihood of entrepreneurial success.

Expert Solution

Entrepreneurial success is dependent on many factors other than potential products and services like
1)passion with determination
2) One should be ready to take action and initiations.
3)A basic study of the market with perfect market knowledge of market situation.
4) Creative abilities make a unique product, that can catch hold of the business when launched into market.
5)Skill is an important factor with intelligence about entrepreneurship can give better success.

6) Team management and team work is another important aspect of businessman.

7) Self confidence and planning is also equally important for entrepreneurial success. Some other factors are that the product and service has to be dependent of price , season, market competition, it's durability and reliability to customer satisfaction.

Rahul Sunny answered 2 years ago

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