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  • Steps in the Entrepreneurial Process.
  • The five Entrepreneurship steps are Discovery, Concept Development, Resourcing,Actualization, and Harvesting
  • Discovery  
  • Discovery: The stage in which the entrepreneur generates ideas, recognizes opportunities and studies the market.   
  • concept development 
  • concept development: Develop a detailed proposal describing the business idea, find the location, and find a logo for your business. 
  • Resourcing 
  • Resourcing: the stage in which the entrepreneur identifies and acquires the financial , human, and capital resources needed for the venture startup. 
  • Actualization
  • Actualization: the stage in which the entrepreneur operates the business utilizes resources to achieve its goals/objects.  
  • Harvesting
  • harvesting: the stage in which entrepreneur decides on ventures future growth,development or demise  
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