the entrepreneurial process
Post on 19-Aug-2014
3.400 Views
Preview:
DESCRIPTION
TRANSCRIPT
ENTREPRENEURIAL
PROCESS The
https://www.flickr.com/photos/kevcole/3879355176
The 5 steps of the entrepreneurial process
Discovery #1
https://www.flickr.com/photos/kubina/123862186
Discovery #1 The stage at which the entrepreneur generates ideas,
recognizes opportunities, and studies the market.
https://www.flickr.com/photos/kubina/123862186
Discovery During the
Stage
The Entrepreneur will…
Hobbies & Consider their
https://www.flickr.com/photos/nick_moise/5755276989
Skills
Needs & Consider consumer
https://www.flickr.com/photos/eyrephotographyaustralia/7439901436
Wants
Research
https://www.flickr.com/photos/nomadic_lass/6820209341
the market
Concept #2
https://www.flickr.com/photos/jonathankosread/8244072348
Development
Concept #2
When the entrepreneur develops a business plan, chooses a business location, and
determines if a patent/trademark is needed
https://www.flickr.com/photos/jonathankosread/8244072348
Development
Concept During the
Development The Entrepreneur will…
Stage
Formal & Write a
Detailed plan for the business
https://www.flickr.com/photos/us-mission/6934698739/
Resourcing #3
https://www.flickr.com/photos/peasap/935756569
Resourcing #3
When the entrepreneur acquires the needed financial, human, and
capital resources for the business to start.
https://www.flickr.com/photos/peasap/935756569
Resourcing During the
The Entrepreneur will…
Stage
Investors & Locate
Revenue resources
https://www.flickr.com/photos/jurvetson/5437885444
Employees Hire
https://www.flickr.com/photos/ansik/3218139011
Actualization #4
https://www.flickr.com/photos/pagedooley/3057952953
Actualization #4
When the entrepreneur has opened the business and is actively operating it.
https://www.flickr.com/photos/pagedooley/3057952953
Actualization During the
The Entrepreneur will…
Stage
Customers & Open the business to
Manage day to day operations
https://www.flickr.com/photos/arturstaszewski/7049332619
Harvesting #5
https://www.flickr.com/photos/h-k-d/4777491309
Harvesting #5
When the entrepreneur is deciding on the business’ future
growth, development, or ending.
https://www.flickr.com/photos/h-k-d/4777491309
Harvesting During the
The Entrepreneur will…
Stage
Location or Consider
Product expansion
https://www.flickr.com/photos/jdub1980/8726699547
Closing Consider possibly
if needed
https://www.flickr.com/photos/rickharris/3691522967
top related