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    Critical advice on launching a global business venture

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    1. What advice would you offer an entrepreneur interested in launching a global business effort?

    2. Explain the statement, "For each benefit gained by regulation, there is a cost."

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    Solution Preview

    1. As an entrepreneur myself (you can see what we've been working on at www.biovisiontech.ca), there are three keys to success in a global business effort: financing, financing, and financing. Without those three things, you're dead in the water. It doesn't matter how great your idea is, if you can't get the financing, it won't come to fruition. If doesn't matter how much profit the company will make when up and running, if you can't convince others about its success potential, it won't matter.

    Now, besides the aspect of financing, remember that all entrepreneurial enterprises need private funding sources (that means YOU and your ...

    Solution Summary

    Many great ideas die a painfully slow death. What is the reason for this? Why do some business ventures succeed while others fail? It isn't for the lack of hard work. What is the vital ingredient to launching a successful business venture? In plain language, I lay it out for you. Simply put, how far are you willing to go?