Early Stage
The "Early Stage" refers to the initial phase of a project, business, or development process. During this time, ideas are generated, and foundational plans are created. This stage often involves market research, identifying target audiences, and developing a prototype or minimum viable product (MVP).
In the context of startups, the Early Stage is crucial for securing funding and building a team. Entrepreneurs may seek investment from sources like angel investors or venture capitalists to support their growth. Success in this phase sets the groundwork for future expansion and sustainability.