ECONOMICS
ENTREPRENEURS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Actualization
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HarvestingConcept Development
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Discovery
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Resourcing
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Detailed explanation-1: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-2: -Discovery – The stage in the entrepreneurial process in which the entrepreneur generates ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc.
Detailed explanation-3: -The passion for their business stems from the entrepreneur’s belief that the business will positively influence people’s lives. The number one characteristic shared by successful entrepreneurs: passion for their business.
Detailed explanation-4: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019