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The 5 Stages of Entrepreneurship

Hubspot Sales

Stage 2: Planning Just as architects need building plans to construct a new building, entrepreneurs need business plans to create successful businesses. Developing a business plan helps you estimate costs, identify risks, and set up risk mitigation measures. You desire to expand faster.

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The Eight Types of Entrepreneurship (& Companies That Exemplify Them)

Hubspot Sales

These entrepreneurial ventures sometimes involve purchasing smaller businesses that can meet the needs of existing target markets. Alphabet, the parent company for Google, is a great example of a sizeable entrepreneurial business. These people establish business ventures after a long-term research process that relies on facts and data.