Drucker’s 5 Success Factors for New Ventures

Peter Drucker’s Success Factors for New Ventures:

1. A focus on the market
2. Financial foresight – cash flow and capital needs
3. Building top management team – long before needed (and can be afforded)
4. Role of the founding entrepreneur
5. For internal start-ups – insulating the new venture

“There is nothing so useless as doing efficiently that which should not be done at all.”

- Peter Drucker