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3.02 Stages of Entrepreneurial Process

AB
Issuing an Initial Public Offering (IPO)Harvesting
Writing a Business PlanConcept Development
Emailing a QuestionnaireDiscovery
Applying for loans to finance the businessResourcing
Conducting a Grand Opening for the businessActualization
Conducting taste tests at supermarketsDiscovery
Studying market trendsDiscovery
Creating a 5-year plan for the businessHarvesting
Selecting a location for the businessConcept Development
Looking for employees for the businessResourcing
Conducting a demographic study of the business locationDiscovery
Listing potential investors for the businessResourcing
Investigating patents for the business ideaConcept Development
Applying for a SBA (Small Business Association) LoanResourcing
Matching your skills with market trendsDiscovery
Conducting daily business activitiesActualization
Researching copyright protection for the business ideaConcept Development
Picking a location for the businessConcept Development
Examining consumer needsDiscovery


Business Teacher
Currituck Middle School
Barco, NC

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