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Assignment: Chapter 05: Entrepreneurship and New Venture Management by the Small Business Association, you would explain that successful entrepreneurs possess which of the following characteristics
Assignment: Chapter 05: Entrepreneurship and New Venture Management by the Small Business Association, you would explain that successful entrepreneurs possess which of the following characteristics and skills? Check all that apply. They are independent thinkers. They are decisive decision makers. They are timid negotiators. They are creative problem solvers. Consider the situation and then choose the best answer for the question posed. In the popular television show Shark Tank, the investors are known to ask how much time the entrepreneurs are investing in their business concept. That was the case in an episode featuring a new business for luxury soaps. The entrepreneur worked on the soap business during weekends and vacations because she worked full-time as a graphic designer. Why do you think the investors were concerned about her work schedule? Check all that apply. Neglect and limited time are common reasons for the failure of new ventures. Entrepreneurs may lack the financial capital to keep the business going until revenues are generated. Control systems can help entrepreneurs be aware of trouble in a timely manner. Some entrepreneurs overestimate their own management acumen
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