1-2 Entrepreneurial Process

What is a Business Plan?

• A list of potential investors

• A roadmap of the business's goals and objectives

• A document outlining the company's financial history

• A summary of the company's past achievements

What does Entrepreneurial Discovery involve?

• Developing a new product

• Hiring new employees

• Systematically scanning for changes to discover opportunities

• Creating a marketing strategy

What is the 5th stage of the entrepreneurial process?

• Harvesting

• Planning

• Resourcing

• Launching

What is Resourcing in the entrepreneurial process?

• Launching the product

• Creating a business plan

• Gathering necessary elements to start a business

• Evaluating the company's success

Which stage involves evaluating if the company is a success or failure?

• Business Planning

• Harvesting

• Resourcing

• Entrepreneurial Discovery