Prompt 1. Which one of the five planning pitfalls entrepreneurs often encounter do you think is the highest priority to avoid? Which one is the lowest priority? Why? Five planning pitfalls: 1. No realistic goals-There may be a lack of attainable goals, lack of a time frame to accomplish things, lack of priorities, and a lack of action steps. 2. Failure to anticipate roadblocks-The entrepreneur is so immersed in his or her own idea that objectivity goes out the window. 3. No commitment or dedication-Too many entrepreneurs appear to lack real commitment to their venture. 4. Lack of demonstrated experience (business or technical)-Since many investors weight very heavily the entrepreneur's actual experience in a venture, it is important to demonstrate what background the entrepreneur possesses. 5. No market niche-Many entrepreneurs propose an idea without really finding out who the potential customers are going to be