Exam 6: Screening Venture Opportunities

First-time entrepreneurs tend to overestimate sales and delivery dates.What do they tend to underestimate?

The opportunity must be placed in the context of both a competitive environment and an existing ________ that the entrepreneur believes can be improved upon and altered in a way that creates value.

Completing the Venture Opportunity Screening Exercise is designed to clear up the uncertainties and risks associated with that venture concept.

________ refers to the gaps in an industry or market into which your opportunity falls.

What will investors expect to see in a venture that is not expected to be harvested?

The single largest factor contributing to stillborn ventures and to those who will ripen as lemons is lack of focus on profitability and cash flow.

When researching an opportunity,it is essential to communicate with ________ and document their responses.

With regard to screening new venture opportunities,why is time the ultimate ally and enemy of the entrepreneur?

The venture opportunity screening exercise creates the foundation for the development of ________.

Equal salaries and stock ownership in a plan point to naïve assumptions about tasks,roles,and responsibilities.

Saying no to lots of opportunities is strategy for increasing the odds of new venture success.

Which of the following is not an aspect of new venture success?

Name three sources of information that entrepreneurs can use to develop their venture opportunity profile.

What are the five anchors that are consistent with ideas that turn into superior businesses?