3.02 Stages of the Entrepreneurial Process

Issuing an Initial Public Offering (IPO)

• Harvesting
• Concept Develoopment
• Discovery
• Resourcing 

Writing a Business Plan

• Harvesting
• Concept Development
• Discovery
• Resourcing 

Emailing a Questionnaire

• Harvesting
• Concept Development
• Discovery
• Resourcing 

Applying for loans to finance the business

• Discovery
• Resourcing
• Actualization
• Concept Development

Conducting a Grand Opening for the business

• Actualization
• Discovery
• Harvesting
• Resourcing 

Conducting taste tests at supermarkets

• Discovery
• Harvesting
• Concept Development
• Resourcing 

Studying market trends

• Resourcing
• Concept Develpment
• Discovery 
• Actualization 

Creating a 5-year plan for the business

• Harvesting
• Concept Development
• Discovery
• Resourcing 

Selecting a location for the business

• Discovery
• Harvesting
• Concept Development
• Resourcing 

Looking for employees for the business

• Discovery
• Concept Development
• Harvesting
• Resourcing