INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
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It is the part of entrepreneurial process where entrepreneur should have a controland monitoring system to serve as a check and balance of the formulated plans.
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Determining a capital needed
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Developing a business plan
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Opportunity spotting and assessment
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Running the business
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Explanation:
Detailed explanation-1: -Resourcing: The third step in the entrepreneurial process is resourcing, wherein the entrepreneur identifies the sources from where the finance and the human resource can be arranged. Here, the entrepreneur finds the investors for its new venture and the personnel to carry out the business activities.
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