Identify major factors that can cause entrepreneurial ventures to get into impending financial difficulties, and discuss some of the basic requirements of a successful turnaround plan

INTEGRATION QUESTION

Identify major factors that can cause entrepreneurial ventures to get into impending financial difficulties

Identify major factors that can cause entrepreneurial ventures to get into impending financial difficulties, and discuss some of the basic requirements of a successful turnaround plan. What aspects of such a turnaround plan do you believe are the most important for entrepreneurs coping with financial distress and why? How might strategies to cope with business distress relate to both the stage of the venture life cycle plus an entrepreneur’s ultimate plan to harvest a venture?

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