Risks can be reduced to some extent through proac8ve

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Unformatted text preview: ing the idea to market? 5 Opportuni8es Create Value •  For the stakeholders involved, everyone wants and needs something •  Customers ⇒ Well- focused product that meets their need (your target market) •  Investors ⇒ Financial Return •  Your Associates ⇒ Livelihood; Compensa8on •  Entrepreneur ⇒ When the rest are happy 6 3 9/4/13 Opportuni8es Have Risks •  Risks include what you don’t know and can’t find out –  Will 1% or 5% of your target market purchase your product? •  Risks can be reduced to some extent through proac8ve strategies –  Feasibility analysis –  Planning •  Risk/Return tradeoffs need to be analyzed...
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