The document outlines the 5 stages of the entrepreneurial process: 1) Discovery, where entrepreneurs generate ideas and recognize opportunities by studying markets. 2) Concept development, where entrepreneurs create business plans and choose locations. 3) Resourcing, where entrepreneurs acquire financial, human, and capital resources to start the venture. 4) Actualization, where entrepreneurs operate the business to achieve goals and objectives. 5) Harvesting, where entrepreneurs decide on the business's future growth, development or demise.