Question

According to materials in this chapter, prior entrepreneurial experience, relevant industry experience, and networking are attributes that strengthen a person's chances of launching a successful venture. Think about the type of company you might choose t launch one day. Which of these three attributes do you possess? What steps can you take today to build strenghs in the areas where you lack them?

Answer 1

I possess the entrpreneurial experience.It is the most important attribute in doing a successful venture because the experience cannot be bought or sold in the market. It comes only after doing a job. When a person goes through various problems,then only experience comes.Experience makes a person very strong.He is able to solve various big problems very easily.An experienced person can take business to higher levels.An experienced person can easily differentiate between right and wrong. I possess this quality and my point of view says that this is the very most important attribute for every person who is running a venture.

I will to overcome my weaknesses by focusing where the mistake is done. Then i will try my efforts to remove those mistakes and correct them so that they should not occur in the future again. All this will help me in making my weaknesses as my strengths.This all will help in making the business stronger.

Also i will notice the activities done by other competitors.This will help in getting knowledge from them. This can also help in bringing up improvements in the business.