What Kinds of Entrepreneurial Resources Are There?

Venture capital funds, money donated by angel investors, equipment, merchandise, and the expertise and experience of the company’s principals are all possible entrepreneurial resources. An entrepreneurial resource is a resource that is used to start a new firm.

Physical assets used by the firm are known as tangible entrepreneurial resources. These could be in the form of cash, equipment, or real estate. They must play a key role in the venture’s development in order to qualify as entrepreneurial resources.

Although intangible entrepreneurial resources are difficult to quantify, they are frequently just as valuable as tangible resources. These could be regarded major entrepreneurial resources if a firm owner has a huge public platform, such as a blog, or if he has a large network of contacts in the industry.

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