James would like to open a computer repair shop in his hometown. He is currently in Phase 2 of the entrepreneurial process. This means that James is
A) creating a plan for his business's execution.
B) considering the design of his business.
C) doing preliminary research to understand the industry.
D) focusing on validating the hypotheses he has made about the customer, the solution, and his proposed business model.
E) developing hypotheses from his research.

Question

Quizplus · Accepted Answer

In Phase 2 of the entrepreneurial process, the focus is on validating the hypotheses made about the customer, the solution, and the proposed business model. This involves testing assumptions to ensure they align with market needs and realities.

James Would Like to Open a Computer Repair Shop in His