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Entrepreneurial Process Flashcards | StudBud
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Entrepreneurial Process
Entrepreneurial Process
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The stages of the entrepreneurial process.
Flashcards
10 cards
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Questions
10
Answers
1
The stage where the business is actually open.
Harvesting
Resourcing
Actualization
Concept Development
2
The stage where you should apply for loans, grants, and financial assistance.
Concept Development
Harvesting
Resourcing
Actualization
3
The stage where ideas are generated.
Resourcing
Harvesting
Discovery
Concept Development
4
The stage where you should consider patents, trademarks, or copyright protection.
Resourcing
Concept Development
Actualization
Harvesting
5
The stage in which you would develop the Business Plan.
Resourcing
Harvesting
Actualization
Concept Development
6
The stage in which you would have a grand opening.
Harvesting
Resourcing
Concept Development
Actualization
7
The process of starting and running a business.
sole-proprietorship
entrepreneurship
corporation
franchise
8
The stage where finances are acquired.
Resourcing
Concept Development
Harvesting
Actualization
9
The stage where future growth (5-year, 10-year) is planned
Harvesting
Concept Development
Actualization
Resourcing
10
The stage where the business plan is developed
Concept Development
Resourcing
Actualization
Harvesting
