The wise entrepreneur will indicate that there is no real competition for his new business venture, thereby increasing the likelihood that he will gain more interested investors.

Question

Quizplus · Accepted Answer

It is not wise for an entrepreneur to indicate that there is no real competition for his new business venture as it may appear unrealistic and not credible to potential investors. It is important for entrepreneurs to research and acknowledge existing competition while also highlighting their unique selling proposition and competitive advantage.

The Wise Entrepreneur Will Indicate That There Is No Real