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The 5 Stages of Entrepreneurship

Hubspot Sales

After an initial brainstorming session, you’ll need to narrow your scope and focus on one idea. Stage 2: Planning Just as architects need building plans to construct a new building, entrepreneurs need business plans to create successful businesses. So, recognize that your plan isn’t foolproof.

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The Complete Guide to Digital Entrepreneurship

Hubspot Sales

You’ll likely have to seek loans, investors, or fund your business initially from your savings. In 2021, there were over 4.26 Step 2: Develop a winning business strategy. Once you’ve got the concept and research down, it’s time to structure your business plan. Will you be making merch? Offering ebooks?