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  • Entrepreneura L Process

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    Ruth Francesca Tiamzon
    13 views8 pages
    The document outlines the 5 key stages of the entrepreneurial process: 1) Discovery, where entrepreneurs generate ideas and recognize opportunities; 2) Concept Development, in which entrepreneurs create business plans and choose locations; 3) Resourcing, where entrepreneurs identify and acquire financial, human, and capital resources; 4) Actualization, the stage of operating the business; and 5) Harvesting, when entrepreneurs decide on the venture's future growth, development, or demise.

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    ENTREPRENEUR PROCESS

    Original Title

    entrepreneurship

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    The document outlines the 5 key stages of the entrepreneurial process: 1) Discovery, where entrepreneurs generate ideas and recognize opportunities; 2) Concept Development, in which entrepreneurs create business plans and choose locations; 3) Resourcing, where entrepreneurs identify and acquire financial, human, and capital resources; 4) Actualization, the stage of operating the business; and 5) Harvesting, when entrepreneurs decide on the venture's future growth, development, or demise.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views8 pages

    Entrepreneura L Process

    Uploaded by

    Ruth Francesca Tiamzon
    The document outlines the 5 key stages of the entrepreneurial process: 1) Discovery, where entrepreneurs generate ideas and recognize opportunities; 2) Concept Development, in which entrepreneurs create business plans and choose locations; 3) Resourcing, where entrepreneurs identify and acquire financial, human, and capital resources; 4) Actualization, the stage of operating the business; and 5) Harvesting, when entrepreneurs decide on the venture's future growth, development, or demise.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 8

    ENTREPRENEURA

    L PROCESS
    ENTREPRENEURSHIP
    -the process of of starting
    and running one’s own
    business.
    STEPS IN THE
    ENTREPRENEURAL PROCESS:
    1. DISCOVERY
    2. CONCEPT DEVELOPMENT
    3. RESOURCING
    4. ACTUALIZATION
    5. HARVESTING
    1. DISCOVERY
    - THE STAGE IN WHICH THE
    ENTREPRENEUR GENERATES IDEAS,
    RECOGNIZES OPPORTUNITIES, AND
    STUDIES THE MARKET.
    2. CONCEPT
    DEVELOPMENT
    - DEVELOP A BUSINESS PLAN: A
    DETAILED PROPOSAL DESCRIBING THE
    BUSINESS IDEA.
    - CHOOSE BUSINESS LOCATION
    - WILL A PATENT OR TRADEMARK BE
    REQUIRED?.
    3. RESOURCING
    - THE STAGE IN WHICH THE
    ENTREPRENEUR IDENTIFIES AND
    ACQUIRES THE FINANCIAL , HUMAN,
    AND CAPITAL RESOURCES NEEDED
    FOR THE VENTURE START UP, ETC.
    4. ACTUALIZATION
    - THE STAGE IN WHICH THE
    ENTREPRENEUR OPERATES THE
    BUSINESS AND UTILIZES
    RESOURCES TO ACHIEVE THE
    GOAS/OBJECTIVES.
    5. HARVESTING
    - THE STAGE IN WHICH THE
    ENTREPRENEUR DECIDES ON
    VENTURE’S FUTURE GROWTH,
    DEVELOPMENT, OR DEMISE.

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