| A | B |
|---|
| The process of starting and running your own business | Entrepreneurship |
| An individual who takes risks to start their own business | Entrepreneur |
| Discovery, Concept Development, Resourcing, Actualization and Harvesting | Entrepreneurial Process |
| Stage when an entrepreneur generates ideas | Discovery |
| Stage when an entrepreneur recognizes opportunities | Discovery |
| Stage when an entrepreneur studies the market | Discovery |
| Stage when surveys are conducted | Discovery |
| Stage when demographics are studied | Discovery |
| Stage when a business plan is developed | Concept Development |
| Stage when a location is chosen | Concept Development |
| Stage when a need for a trademark is determined | Concept Development |
| Stage when a need for copyright is determined | Concept Development |
| Stage when financial resources are identified | Resourcing |
| Stage when human resources are identified | Resourcing |
| Stage when potential investors are identified | Resourcing |
| Stage when employees are hired | Resourcing |
| Stage when the business operates | Actualization |
| Stage when resources are used | Actualization |
| Stage when goals are achieved | Actualization |
| Stage when a Grand Opening takes place | Actualization |
| Stage when day to day operations occur | Actualization |
| Stage when decisions for the future are made | Harvesting |
