In the Context of Starting an Entrepreneurial Venture, the First

question 24

Multiple Choice

In the context of starting an entrepreneurial venture, the first formal step is to

• A) secure the finances.
• B) write a business plan.
• C) conduct an opportunity analysis.
• D) get others to support one's ideas.
• E) hire the right people.

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Definitions:

Isolated

Being apart from others; separated from other instances or occurrences, often leading to feelings of loneliness or segregation.

Proximal Development

A concept in education and psychology referring to the zone wherein learners can perform a task with guidance but cannot yet complete it independently.

Judicious Guidance

Wisdom or advice given in a careful and sensible manner, often to aid decision-making or influence behavior positively.

Basic Biological Needs

fundamental physiological requirements that organisms need to maintain life, such as food, water, air, and shelter.