Arrange the following steps of the entrepreneurship development process in a logical sequence.

(A) Launching the venture

(B) Appraisal by the funding agencies

(C) Developing a business plan

(D) Identifying entreprenuerial opportunities

Choose the correct answer from the options given below:

(D), (C), (B), (A)

The correct answer is option 1- (D), (C), (B), (A).

(D) Identifying entrepreneurial opportunities – First, the entrepreneur must identify a viable business opportunity. Entrepreneurs typically scan the business environment to identify potential opportunities. This involves assessing market trends, customer needs, and gaps in the industry.

(C) Developing a business plan – Once an opportunity is identified, a detailed business plan is created to outline how to exploit it. It's important to assess the feasibility of the product or service idea. Entrepreneurs prepare a detailed business plan, outlining the market strategy, financial projections, and operational plans.

(B) Appraisal by the funding agencies – The business plan is then evaluated by investors or funding agencies to secure financial support. With a solid business plan in place, entrepreneurs seek funding from various sources. Funding agencies assess the viability of the business proposal and decide whether to provide financial support

(A) Launching the venture – Finally, the business is launched based on the secured funding and business plan.