There are many occasions when an entrepreneur has to explain what he does, what his entrepreneurial project is... in short, what he does for a living. This in many cases is not so obvious, first of all because whoever does something is so involved in the project that it is difficult for them to give an explanation.
When an entrepreneur launches a project, they usually have a prior idea of what they want to do. But surely this idea is something general that does not materialize in a product or service. It is important to establish business strategies from the right start, such as looking for a specific market.
Nothing better to make a good Business Plan than answering a series of key questions that force the entrepreneurial team to carry out the necessary research, directly in the “field”, to find solid and documented answers in the realities of the industry...
A very interesting study, which synthesizes data from more than 3,200 new companies and was carried out by Max Marmer, a former student of Steve Blank's classes at Berkeley, has concluded that 74% of startups fail because they try to expand too quickly.
The essential question for any venture capital and the key answer for any entrepreneur... And yet a question that the vast majority of entrepreneurs find an answer to after having created the wrong startup...
The search for funding is, for most technological startups and microSMEs, a challenge closely linked to their survival. These companies must invest a significant amount of resources in researching and developing innovative products that allow them to compete in the market they are targeting.
I have to admit that the title is intended to attract attention. I don't really think that public funding can or should compete against private funding, I simply see them as complementary. Private finance (venture capital) is structured based on good practices