Question

Explain different stages of growth for an entrepreneurial company in entrepreneurship management

Answer 1

Stage 1: Existence. At inception, the main concern for you as the business owner is to find customers to whom you can sell your product/service.

Stage 2: Survival. At this point it is really evident that the basics of your business idea are workable.

Stage 3: Success.

Stage 4: Take-off.

Stage 5: Maturity.

Answer 2

Explanation:

The entrepreneurial process has four distinct phases:

(1) identification and evaluation of the opportunity,

(2) development of the business plan,

(3) determination and evaluation of resource requirements, ...