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Describe the new venture creation process.

Describe the new venture creation process.

Answers

sharon
1.Discovering entrepreneurial potential ie entrepreneurs self evaluation of strengths and
weaknesses before entering into the new business venture
2.Identifying a problem and potential solution-a new venture has to solve a problem and
meet a new need. Here one selects an idea.
3.Evaluating an idea as a business opportunity- find out whether the business idea can be
turned into a business opportunity.
4.Investigating and gathering the resource- this involves analyzing and gathering the
resources required launching the new venture.
5.Implementation – this is the actual launching of the new venture
sharon kalunda answered the question on March 2, 2019 at 08:58

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