EMBA 530 Innovation and Entrepreneurship Discussion initial post Essay - 1

EMBA 530 Innovation and Entrepreneurship Discussion sign post - Essay ExampleOn the other hand, many new ventures provide generic work such(prenominal) as restaurants, barber shops or beauty salons, car repair shops, and similar common (versus radical) products. The position that ventures tend to fail much than succeed is evident in the tendency of venture capitalists to be more confident in predicting the failure rather than success of proposed ventures (Landstrom, 2007).This myth states that most successful enterprises are serendipitously born(p) from some revelation of a revolutionary new product or technology. Far from the truth, because all enterprises machinate out with much risk and doubt, and the business owners would acquire endured several setbacks and would have changed their plans multiple instances before they would have achieved success in their business. In fact, corporate ventures (set up by large incumbent firms) are more successful at pursuing radical innova tions than are menial entrepreneurial ventures, because of the more advanced technological support and steadier financial assurance from the large corporation (Czarnitzki, Dick & Hussinger, 2010).It is necessary to keep tax evaluate low so entrepreneurs could reap rewards that would keep them motivated in their enterprises. Actually, this is true to some extent because entrepreneurial profits are lower in states with superiorer marginal tax rates (Ortmans, 2011). What is not true, however, is that high tax rates are the only disincentives to entrepreneurs. There are many other factors that tend to dissuade entrepreneurs or cause enterprises to fail. One of these is complex accounting methods and reporting requirement. Another is the bureaucratic bias against enterprises that obligate the firm to hire specialists and professionals to duly advise them. But probably the most important disincentive is the thousands of regulations, such as employment and health-care regulations by federal and state agencies, which erode the scarce capital and investment resources of the small business.These and a