What Are Some Examples of Entrepreneurial Resources?
Possible entrepreneurial resources include venture capital funding, the money offered by angel investors, equipment, merchandise and the knowledge and experience of principles of the company. An entrepreneurial resource is an asset used in the launch of a new business.
Tangible entrepreneurial resources are physical assets used by the business. These could include money, equipment or property. In order for them to qualify as entrepreneurial resources, they must be instrumental in the development of the venture.
Intangible entrepreneurial resources are not easily quantified, but they are often just as beneficial as the tangible resources. If a business owner possesses a large public platform, such as a blog, or if he has an extensive network of contacts in the industry, these could be considered significant entrepreneurial resources.