explain the conceptend importance of entrepreneurship development
Answers
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.