There are four factors contributing to successful VENTURE: Opportunity, Resource, Entrepreneur and Organizations (OREO). Which one do you think is more important than other (1

Four Factors for Successful Venture

The most important among them is Entrepreneur.

Explanation:

An Entrepreneur is the person or entity which galvanizes the other factors.  He or she captures the opportunity with the resources he can mobilize within an organizational setting that he arranges.  So, success depends on him or her and not the others.

Opportunity cannot seize itself, though it is important for success.  Without opportunity to deploy resources, the best entrepreneur will be engaging in an exercise in futility.  One cannot capture opportunities without deploying some resources, human, financial, and knowledge.  To make a success of the whole venture, there must be a kind of organization.  It is organization that organizes resources to seize opportunities.  But, organization cannot operate on itself.  It must be led by somebody, who is called the Entrepreneur.  He or she is the mover and shaker of these factors and therefore, the most important.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.