Market mismatch can have several adverse effects on an entrepreneurial venture:
Financial Loss: Investing in a product that the market does not want can lead to significant financial loss. Wasted Resources: Time, effort, and materials spent on developing and marketing the product are wasted. Brand Damage: A product that fails to meet market needs can damage the brand's reputation. Opportunity Cost: Focusing on a mismatched product can lead to missed opportunities for other potentially successful ventures.