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Entr Process Act 2

More Entrepreneurial Process Activities

TermDefinition
Discovery Emailing a Questionnaire/Survey
Discovery Conducting taste tests at supermarkets
Discovery Studying market trends
Discovery Conducting a demographic study of the business location
Discovery Matching your skills with market trends
Discovery Examining consumer needs
Concept Development Writing a Business Plan
Concept Development Selecting a location for the business
Concept Development Investigating patents for the business idea
Concept Development Researching copyright protection for the business idea
Resourcing Applying for loans to finance the business
Resourcing Looking for employees for the business
Resourcing Listing potential investors for the business
Resourcing Applying for a SBA (Small Business Association) loan
Resourcing Acquiring a building, equipment and supplies for your business
Actualization Conducting a Grand Opening for the business
Actualization Conducting business activities
Harvesting Issuing an Initial Public Offering (IPO) in a stock market
Harvesting Creating a 5-year plan for the business
Harvesting Creating a 10-year plan for the business
Created by: dadehart