Discovery: the process of generating ideas, recognizing opportunities and determining the feasibility of ideas.
A.01 Explain the need for entrepreneurial discovery
A.02 Discuss entrepreneurial discovery processes
A.03 Assess global trends and opportunities
A.04 Determine opportunities for venture creation
A.05 Assess opportunities for venture creation
Concept Development: the process for planning the venture, which includes identifying resources and strategies for a business plan
A.09 Describe entrepreneurial planning considerations
A.10 Explain tools used by entrepreneurs for venture planning
A.11 Assess start-up requirements
A.12 Assess risks associated with venture
A.13 Describe external resources useful to entrepreneurs during concept development
A.14 Assess the need to use external resources for concept development
A.16 Use components of a business plan to define venture idea
Resourcing: the process in which the entrepreneur identifies resources needed for the start-up
A.23 Assess the costs/benefits associated with resources
A.20 Explain factors to consider in determining a venture's human-resource needs