Business Studies, asked by lakshyalokhande88897, 3 months ago

explain the conceptend importance of entrepreneurship development​

Answers

Answered by ModernMonk856
1

Answer: The importance and concept of entrepreneurship development are as follows:-

1. Discover – Any new process begins with fresh ideas and objectives, wherein the entrepreneur recognizes and analyzes business possibilities.

2. Evaluation – The evaluation of an opportunity can be done by asking several questions to oneself.

3. Developing a plan – After the identification of an opportunity, an entrepreneur has to build a complete business plan.

4. Resources – The next step in the process of entrepreneurial development is resourcing.

5. Managing the company – After the hiring process and funds are raised now its time to start the operation to accomplish the desired goals.

6. Harvesting – The last step in this process is harvesting, where an entrepreneur determines the future growth and development of the business.

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