Exploring Business Entrepreneurship 2.02

The process of starting and running one's own business.

• entrepreneurship

• patent

• harvesting

• partnership

An individual who undertakes the risk associated with creating, organizing, and owning a business.

• discovery

• innovation

• banker

• entrepreneur

The stage in which the entrepreneur decides on the venture’s future growth, development, or demise.

• actualization

• harvesting

• discovery

• resourcing

The stage in which the entrepreneur operates the business and utilizes resources to achieve its goals/objectives.

• discovery

• harvesting

• actualization

• resourcing

The stage in which the entrepreneur generates ideas, recognizes opportunities, and studies the market.

• resourcing

• discovery

• harvesting

• actualization

Develop a business plan.

• concept development

• discovery

• harvesting

• actualization

The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.

• harvesting

• discovery

• actualization

• resourcing

In which stage would the entrepreneur apply for loans, identity potential investors, and hire employees?

• resourcing

• discovery

• harvesting

• concept development

In which stage would the entrepreneur choose a business location?

• discovery

• resourcing

• concept development

• harvesting

In which stage would the entrepreneur consider consumer needs and wants, conduct surveys, and study demographics?

• discovery

• harvesting

• concept development

• resourcing