ENTREPRENEURSHIP

Detailed explanation-1: -Once the opportunity is identified and evaluated, the next step of the entrepreneurial process involves the development of the business plan. It is necessary to exploit the identified opportunity.

Detailed explanation-2: -2. Opportunity Evaluation: this is the step where you ask the question of whether there is an opportunity worth investing in. Investment is principally capital, whether from individuals in the company or from outside investors, and the time and energy of a set of people.

Detailed explanation-3: -No startup becomes successful overnight. Every entrepreneur, whether new or established, must go through a series of steps that involve producing an idea, evaluating it, turning the idea into a plan, finding resources, launching the business, and growing it.

Detailed explanation-4: -LEVEL 2: The Managerial Perspective The second level, in contrast to the first mindset, has a greater position to succeed as an entrepreneur because of the belief that business is all about managing people.

Detailed explanation-5: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019