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Below are the directions for two discussion posts; they
both need to be done. This is not a paper and does not need to be in a specific
In a study conducted by Entrepreneur Weekly, Bradley
University and University of Tennessee, the failure rate for startup companies
was 44% by the end of the third year in business. Meaning, almost one in two
startups failed after three years. There are a variety of reasons for this low
success rate among entrepreneurs – from poor market research, to accelerated
growth, to lack of cash flow planning, to many others. Review the article “Biggest Startup
Mistakes and How to Avoid Them,” and discuss the following:
Select the mistake described in the
article that you think would have the greatest impact on a newly formed
Why do you think this mistake is so
common with entrepreneurs?
If you were the owner of a company, what
you would you do to avoid that particular mistake?
T. (2014 August 13). Biggest startup
mistakes and how to avoid them. Forbes. Retrieved from http://www.forbes.com/sites/tomtaulli/2014/08/13/biggest-startup-mistakes-and-how-to-avoid-them/
Think of a product or service. Discuss the role of cost and
demand factors that should be considered when pricing that product or service.