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  • Steps of the entrepreneurial process 
  • Hey wassgood my name is nick and today we will be talking about the steps of the entrepreneurial process , and they are discovery, concept development, resourcing, authorization, and harvesting.
  • discovery
  • This step in the process is called discovery. Discovery is the when the entrepreneur generates ideas for his/he's buiness.
  • concept development
  • this next step is called concept development. Concept development is basically the development of a business plan like finding a location , getting loans from the bank etc.
  • resourcing 
  • this step in the process is called resourcing. Resourcing is the stage when the entrepreneur figures out how to acquire things like loans, employees and potential investors.  
  • Actualization 
  • This next step is called actualization. Actualization is the stage in which the entrepreneur figures out the day-to-day work schedule.
  • harvesting
  • This next step is called harvesting. harvesting is the step in which the entrepreneur decides the future for that business.
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