But having set the pace, it becomes critical that the new venturist sets in place a system to manage the plan. HE or she must develop strategies and make workable plans, invest these in the team and stimulate the execution. The option is failure, and failure is an almost assured condition of most new ventures. Augustine compares probabilities for success with other risky activities, including driving race cars, climbing mountains and rocketing into outer space (Table 16.1) .The possibility of having a “fatality” in beginning a new company is over six times more likely than 1000 parachute jumps.