Module 1 Discussion: 150+ words Please identify and articulate on the following items and discuss why I would, and you should think that they are some of the most important lessons in entrepreneurship. What is customer development at an abstract level and why is it important? • What is the role of an entrepreneur (as defined on page 19) and how is this important? • Why, according to Steve Blank, do most startups fail? What lessons can we learn from this? • What is the key philosophy to successful entrepreneurship. Why is this the one lesson you should learn from this class if nothing else?
Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three sub- parts for you. To get remaining sub-part solved please repost the complete question and mention the sub-parts to be solved.
Any entrepreneur who thinks of initiating a business should ensure that his business idea is attractive, achievable, able to create value, and durable. A business having all these features is more likely to succeed in the market and sustain itself in the long-term.
A business idea should be attractive because entrepreneurs have to persuade many investors who can invest their money in the business so that the business can be initiated. No business can start without capital, and capital can only be arranged if investors find the business idea attractive.
Step by step
Solved in 4 steps
