Which one of the following is the fourth step in the entrepreneurial process?
(A) Developing successful business ideas
(B) Initiating New rules
(C) Deciding to become an entrepreneur
(D) Growing the entrepreneurial firm
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Developing successful business ideas.
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Growing the entrepreneurial firm is the fourth step in the entrepreneurial process. (Option D)
- Becoming an entrepreneur is the initial step of the entrepreneurial process. It involves working on creating a business from scratch.
- The process involves working on business ideas and models that could survive the market and competition.
- This is followed by creating rules for working, finding a functional and reliable team of motivated individuals, and growing the firm into a successful venture.
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