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About Entrepreneurs

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The Process of Entrepreneurship

Although enterprises are as different and unique as the entrepreneurs who create them, most entrepreneurs appear to work through a process that we can observe and describe. Often entrepreneurs discover this process through trial and error, but you can shorten your learning curve by benefiting from the experiences of others. Note how the diagram below illustrates a logical sequence of activities.

Self-Discovery

Identifiying Opportunities

Generating and Evaluating Ideas

Planning

Raising Start-Up Capital

Start-Up

Harvest

Growth