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Specific Features of a
Venturepreneurial Team (VT)
Ventrepreneurial
team is focused on
proactive innovation and
creative search for
entrepreneurial opportunities with the target of
bringing
radically new future
technologies, products and services into existence.
The shared commitment of an
venturepreneurial team is established when two or more
persons formally establish a new venture in which they share
ownership.
Specific Venturepreneurial
Challenges
How to estimate the market
demand for an innovative product or service
How to develop
venture
management ability effectively and quickly enough
How to select and use most
appropriate outside professional advisors
How to
market a radically
innovative product or services effectively
How to reduce dependence on a
single individual or on a predicted specific event
How to understand capital
requirements of a growing business and
raise venture capital
How To Deal With
Venturepreneurial Challenges
Think big, but start small.
Don't worry about too many things at once. Take a handful of
simple things to begin with, and then progress to more
complex ones. Think about not just tomorrow, but the future.
Every step forward is experimental. Do a
SWOT analysis, develop a strategy, make a step forward,
ask
learning SWOT questions,
learn from feedback, adapt your strategies, and make the
next step.
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