Entrepreneurial resources include venture capital investment, angel investor money, equipment, merchandise, and the knowledge and experience of the company’s founders. An entrepreneurial resource is an asset utilised in the establishment of a new enterprise.
Physical assets that are utilised by a business are tangible resources. These may be money, property, or equipment. To qualify as entrepreneurial resources, they must contribute significantly to the development of the enterprise.
Intangible entrepreneurial resources are not clearly quantifiable, but they are frequently equally advantageous as tangible resources. Significant entrepreneurial resources could include a firm owner’s huge public platform, such as a blog, and his broad network of contacts in the field.
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