Question

Think of a possible venture that you could start. Also,explain the four main phases of entrepreneurial development process for your venture.​( Please answer fast ).

Answer 1

The 4 main phases are innovation, triggering event, implementation, and growth.

Innovation: Creative ideas to find opportunities in the market, , working out ideas to develop the product or service etc.

Triggering event:  Assessing the risk, Motivating factor for the business kick off, Identifying possible resources, etc

Implementation: Implementation of plans, launching new ventures and managing those, etc

Growth: To find other opportunities using the venture, maximizing the profit, reward harvesting, etc.

Answer 2

Answer:

Check the attached image

Explanation:

TQ

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