English Language Tests-Intermediate level''''s archiveThe entrepreneurial life cycle (2): The seven doc

Opportunity Focusing: This is a 'sanity check', a go/no-go stage gate for part-time entrepreneurs because it .... Commitment of Resources: Most entrepreneurs see commitment as incorporat

English Language Tests-Intermediate level's archive

The entrepreneurial life cycle (2): The seven stag

1 Opportunity Recognition: This period is quite literally the

'pre-start' analysis; it often occurs over a considerable period of

time ranging from one month to ten years

degustation

digression

generation

gestation

2 Opportunity Focusing: This is a 'sanity check', a go/no-go stage

gate for part-time entrepreneurs because it out shaky ideas

and exposes gaping holes

fades

fixes

fleshes

forms

3 It is important to include objective, viewpoints because

different people can investigate the same opportunity and come to

opposite conclusions

exterior

extraneous

outer

outside

4 Commitment of Resources: Most entrepreneurs see

commitment as incorporating their business or quitting their

job

day

good

only

real

5 But this stage actually starts with developing the business plan;

the process will take between 200 to 300 hours, so squeezing that

amount of time evenings and weekends can make this

stage stretch over three to twelve months

into

out of

over

through

6 Market Entry: The entrepreneur is committed with a very simple

organization, the resources were correctly according to the

business plan, and the first sales were made

allocated

disbursed

reimbursed

relocated

7 If the business model was profitable, reasonable objectives

were met, and the venture is on track for attaining true economic

health, then the entrepreneur can chose between a capital

for growth or remaining small with self-financing

infusion

insertion

insurgence

intrusion

8 Full Launch and Growth: Or the venture could remain small, for

the simple fact that not all small ventures can or will become big

companies; they are not fast growth potential because there is not

enough room in the market for growth or their production and

management systems are not

feasible

forcible

saleable

scalable

9 Maturity and Expansion: Now the venture is a market leader at

cruising altitude; this professional management team is

implementing the venture's growth strategy through global

expansion, acquisitions, and mergers as cash is plentiful and

inefficiencies are completely out

flushed

rinsed

washed

wrung

10 Liquidity Event: This stage is focused on capturing the

value created in the previous stages through a business exit;

typical exits are an initial public offering or being acquired by a

larger publicly traded corporation

cultivating

harvesting

harrowing

seeding