Entrepreneurship Lesson 1-2

What three things need to be analyzed during the Discovery stage of the entrepreneurial process to determine if an idea can become an opportunity?

• mail, materials, market

• materials, market, marketing

• market, margin, mission

• margin, MBA, digital marketing

A Business Plan might also be called a

• innovation and/or details

• balance sheet and/or cash flow statement

• human resource policy manual and/or bank loans

• roadmap and/or pitch deck

During the 3rd stage of the entrepreneurial process, “Resourcing”, which of these is often helpful?

• Analyzing the market, margin, and mission

• bootstrapping

• 
  writing a pitch deck

• deciding whether to sell the company or not

The 4th stage in the entrepreneurial process is:

• Harvesting

• Run the Business

• Discovery

• Resourcing

This stage of the entrepreneurial process is where you evaluate if the company is a success or a failure:

• Resourcing

• Discovery

• Harvesting

• Business Plan

This stage of the entrepreneurial process is where you determine if your idea fills a void or gap in the marketplace, whether it meets a want or need:

• Discovery

• Resourcing

• Harvesting

• Business Plan