1. Define the Project Scope: Clearly outline the goals and objectives of your entrepreneurial venture. 2. Identify Major Deliverables: Break down the project into major deliverables or components. 3. Decompose Deliverables: Further decompose each deliverable into smaller tasks or work packages. 4. Assign Responsibilities: Allocate tasks to team members or resources. 5. Review and Refine: Continuously review and refine the WBS as the project progresses.