Entrepreneurial Process
Trademark
A brand that has exclusive legal protection for both its brand name and its design
Patent
exclusive rights over an invention
Entrepreneurial Process
the 5 stage process an entrepreneur goes through when creating and running a business venture
Copyright
the exclusive legal right, given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.
Step 3: Resourcing
the stage in the entrepreneurial process in which the entrepreneur identifies and ACQUIRES the financial human, and capital resources needed for the venture startup
Step 2: Concept Development
the stage in the entrepreneurial process in which the entrepreneur plans the venture, identifies needed resources (money, people, etc.) writes a business plan, and applies for patents, trademarks and or copyright.
Step 5: Harvesting
the stage in the entrepreneurial process when the entrepreneur decides on a venture's future growth and develoment
Step 1: Discovery
the stage in which the entrepreneur generate ideas, recognizes opportunities, and determines the feasibility of ideas, markets, and ventures feasibility - the state or degree of being easily or conveniently done
Step 4: Actualization
the stage in which the entrepreneur operates the ventures and utilizes resources to achieve its goals and objectives