Tag: #entrepreneurialprocess

  • What is an Entrepreneurial Process?

    Entrepreneurial process is simply the step‑by‑step journey of turning an idea into a real business, starting from noticing a problem to actually running and growing a venture.

    Think of it like planning a road trip: you first decide where to go, check if the trip is worth it, arrange the car, money and people, and then actually hit the road and keep adjusting as you go.

    Step 1: Spotting a problem or opportunity

    Everything starts when you notice a problem people face or a gap in the market that could be solved in a better way.
    This could be as simple as “Why is ordering food in my area so painful?” or “Why is there no easy way for parents to find good tutors nearby?”.

    Step 2: Shaping a workable idea

    Next, you turn that raw problem into a simple, workable idea for a solution.
    You roughly answer three questions: Who is it for? What exactly will it do for them? Why is it better than what they use today?

    Step 3: Checking if it makes sense

    Here you test if the idea is worth your time, effort and money.
    You talk to potential customers, check how big the problem really is, see if people are willing to pay, and think about basic costs and risks.

    Step 4: Gathering the right resources

    If the idea looks promising, you start pulling together what you need to make it real.
    Resources include skills (who can build it), time, money, tools, and especially your network of people who can open doors, give advice, or become early customers.

    Step 5: Building and testing a simple version

    Instead of building a perfect product from day one, you create a basic, workable version to test with real users.
    You learn from their feedback, fix what is broken, improve what they like, and sometimes even change direction if you realise their real needs are different.

    Step 6: Launching and getting first customers

    Once the simple version works reasonably well, you start selling it in a small, focused way.
    You may use word of mouth, your personal network, social media, or local communities to find your first paying customers and start earning your first revenue.

    Step 7: Learning, adapting and growing

    Entrepreneurial process is not a straight line; you are constantly learning and adjusting.
    As you grow, you improve your offering, refine your target customers, hire people, seek more funding if needed, and set up systems so the business can run smoothly and scale.

    Why call it a “process”?

    It is called a process because it is not a one‑time event or a single “big idea” moment; it is a repeatable journey with stages that many entrepreneurs go through in some form.
    More importantly, you do not need to be a genius or have a perfect plan from the start—by moving through these steps, learning at each stage, almost anyone can become entrepreneurial.

    Credits: The image in the post was generated using Gemini, and the blog was rewritten using OpenAI’s GPT 5.1