How Entrepreneurs Identify New Opportunities
-When starting a business, there are many risks that need to be considered. One way to think about the various risks an entrepreneur is faced with–or, for that matter, an investor in an entrepreneurial venture is faced with–is to break them down into several buckets. Let’s start with the first bucket, the company bucket. Well, here, the biggest sources of risk are the founders. Do they have the wherewithal not just to start the company, but also grow the company? Experience has shown that the prevalence of individuals such as Bill Gates or Michael Dell , Steve Jobs, that can not only start companies, but also manage its growth–the prevalence of such individuals is relatively limited.