BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The seed stage of a business lifecycle is when your business is just a thought or an idea. Most seed stage companies will have to overcome the challenge of market acceptance. At this stage of the business the focus is on matching the business opportunity with your skills, experience, and passions.

Detailed explanation-2: -Stage 1: Seed and development This first stage of the business entity lifecycle is sometimes called the seed stage and sometimes the development stage, depending on the sector and the industry. It’s where you take your idea and start to assess whether it’s worth developing into an actual business.

Detailed explanation-3: -The seed phase, also known as the pre-commercialization stage, is the proof-of-concept stage in which a business idea is tested for its viability. At this stage, the basic research may have been completed, but the commercial capabilities are not yet proven.

Detailed explanation-4: -Whether you are a new business owner or have run your small business for years, it is wise to familiarize yourself with the five cycles of change: startup, growth, maturity, transition and succession.

Detailed explanation-5: -Idea germination: This is the seeding stage of a new idea. It is the stage where the entrepreneur recognises that an opportunity exists. The idea germination takes place according to interest, curiosity of the entrepreneur according to which opportunity is explored and exploited to its best potential.