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1. Discovery
2. Resourcing
3. Concept Development
4. Actualization
5. Harvesting

determine the likelihood of the venture's success

brainstorm business ideas

long range planning

apply for loans

describe the business development

grand opening

expansion of projects

operates ventures

identify potential investors

develops business plan

planning for the future

utilizes resources

Perform Market Survey

seek employees

choose location of business

generate ideas

recognizes opportunities