NURSUTI’S 4 STAGES OF ENTREPRENEURSHIP

Stage 1: Ideation

Stage 1: Ideation

Stage 1: Ideation

Identify your business idea.
Test and validate it using research and conversations with personal networks.
Determine if there is a market need.

Stage 2: Planning

Stage 1: Ideation

Stage 1: Ideation

Develop a business plan and strategy.
Become a legal entity.
Identify your long-term goals.
Estimate costs.
Identify risks and mitigations.
Build brand identity.

Stage 3: Launch

Stage 3: Launch

Stage 3: Launch

Introduce the business to the world.
Put planning into action.
Marketing.
Build customer base.

Stage 4: Growth

Stage 3: Launch

Stage 3: Launch

Track profitability and opportunities for growth.
Work towards smooth and effective delivery.