ENTREPRENEURSHIP

Detailed explanation-1: -The Entrepreneurial Discovery Process is about prioritising investments based on an inclusive and evidence-based process driven by stakeholders’ engagement and attention to market dynamics.

Detailed explanation-2: -During the discovery phase, an opportunity is identified and evaluated. It is critical because it sets the stage for developing a business plan, procuring the required resources, and establishing a new venture dedicated to the exploitation of that opportunity.

Detailed explanation-3: -The entrepreneurial discovery process is about finding a need for a product or service. To be an entrepreneur you must invent a new product or service. Hobbies can turn into successful businesses. A feasibility analysis is done a few months after a new business has started.

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