3. Inadequate Understanding of Technical Requirements
4. Poor Financial Understanding
They tend to underestimate development costs
5. Lack of Venture Uniqueness
Uniqueness refers to the special characteristics
and design concepts that is superior to the venture,
provide performance or service that is superior
to that of competitive offering.
6. Ignorance of Legal Issues
workplace safe reliable and safe products and services.
Patents, trademarks, and copyrights.
When these legal issues are overlooked,
major problems can result.