Launching a High Risk Business

Table of Contents Introduction3 forward Launching3 Major Sections4 investigate & Development4 Human Resources4 Finance5 Marketing & Sales6 Manufacturing7 Achievements and Results Obtained8 find out Lessons Learnt8 Introduction Launching a high risk/ high arrest business is non a simple process. There atomic outlet 18 several key factors and criteria that need to be met in nightspot for your venture to have a chance. Ignoring them would most likely expiration in complete failure, and this is why a large number of startups fail in their ahead of time stages. This example is meant to help me let out the key pitfalls and factors of success. The purpose of this report is to communicate how I approached the chore of launching the high risk business, and the key lessons I learnt from this simulation. Before Launching In this section I will discuss the early finish I made before running the simulation and the mistakes and lessons I learnt. Hiring Laurie Vs buying the patent I had to make an early decision of whether to ingest Laurie, make her my partner or buy the patent. after(prenominal) studying the proposal, reading the e-mails and meeting with Laurie, I unyielding to hire her as part of my R&D team.

This is because she is one of the few people (10 individuals) who are experts in the area of radiophone. I recognise early on that hiring her is crucial to the speed and success of my query and development. I have also decided not fashioning her a partner since she is purely a technical someone and I did not believe that I would gain practically benefit making her a partner. I wanted to salve the equity for bigger fish later. I also believed that making her a partner would distract her from doing her technical job and therefrom slow down my companys progress. I did not try any of the other options since that is what I would do if I really did get this opportunity, and I firmly believed in my choice works Part-time Vs Full-time When I first ran this simulation I decided not to leave my... If you want to get a across-the-board essay, order it on our website: Orderessay

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