Determine the Resources Required and Implementation
• This stage focuses on how the entrepreneur must learn to build the management team, organize the company, develop a human resource capability and create the spirit, culture and incentives for growth.
• The stage also examines the value of intellectual property for patents, trademarks and copyrights to gain competitive advantage in the marketplace and guides you toward effectively developing, protecting and promoting your own IP.
• Entrepreneurs are asked to plan operations and evaluate decisions using financial accounting information. An understanding of “Managing Financial Operations” is designed to analyze and to prepare budgets, ratios and cash flow forecasts will contribute to optimize learning of these skills