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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