It is generally believed that new ventures started by an individual have an advantage over those started by a team.

Question

Quizplus · Accepted Answer

Research has shown that ventures started by a team have a greater chance of success compared to those started by an individual. This is because a team brings together diverse skills, perspectives, and resources, which can enhance innovation and problem-solving. Additionally, a team can provide emotional support and motivation, as well as help to mitigate risk by sharing responsibilities and decision-making. However, the success of a team will depend on factors such as the team's composition, communication, and leadership.

It Is Generally Believed That New Ventures Started by an Individual