Class 02: Process of Entrepreneurship

From concept to market, the entrepreneurship process takes places in the following phases.
  • Identifying an opportunity
  • Establish a vision
  • Persuade Others
  • Gather resources- financial, Human, others
  • Create new venture
  • Change and adapt with time
  • Challenges faced by entrepreneurs
  • Planning - technical feasibility and economic viability
  • Implementation
  • Production
  • Labour Management
  • Marketing Management
  • Financial Management
  • Administrative Management

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