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

seek employees

brainstorm business ideas

develops business plan

long range planning

describe the business development

expansion of projects

recognizes opportunities

determine the likelihood of the venture's success

choose location of business

apply for loans

Perform Market Survey

identify potential investors

planning for the future

utilizes resources

generate ideas

operates ventures

grand opening