ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In which stage of the entrepreneurial process does the entrepreneur apply for loans, grants, and financial assistance?

A	Discovery
B	Concept Development
C	Resourcing
D	Actualization

Explanation:

Detailed explanation-1: -The “Five Stages of Entrepreneurship” is a simple framework that helps new founders to understand the entrepreneurship journey. The stages include ideation, planning, execution, scaling, and hypergrowth.

Detailed explanation-2: -Resourcing-stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.

Detailed explanation-3: -Actualization – The stage in the entrepreneurial process in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives.

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

There is 1 question to complete.