Three specific phases that a new venture goes through are

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The three specific phases that a new venture typically goes through include the prestart-up phase (where the idea is conceived and planning occurs), the start-up phase (where the business is formally established and begins operations), and the post-start-up phase (where the business seeks to establish itself, grow, and possibly expand). These phases cover the lifecycle from conception to the establishment of the venture.

Three Specific Phases That a New Venture Goes Through Are