According to research studies on the career paths of entrepreneurs and the self-employed,which of the following is the central factor for a successful venture creation?

Question

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The research studies suggest that experience and know-how are the central factors for a successful venture creation. While networking and the ability to marshal resources are important, they are not as crucial as having the knowledge and expertise to navigate the challenges of starting and running a business. Additionally, the ability to attract and motivate an effective team is also important, but this can be limited or compromised without the necessary experience and know-how to properly manage the venture.

According to Research Studies on the Career Paths of Entrepreneurs