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Ignoring them would most likely result in complete failure, and this is why a large number of startups fail in their early stages. This simulation is meant to help me identify the key pitfalls and factors of success.
The purpose of this report is to communicate how I approached the problem of launching the high risk business, and the key lessons I learnt from this simulation.
Before Launching
In this section I will discuss the early decision I made before running the simulation and the mistakes and lessons I learnt.
Hiring Laurie Vs buying the patent
I had to make an early decision of whether to hire Laurie, make her my partner or buy the patent...
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