Venture capital funds, money provided by angel investors, merchandise, equipment, and the expertise of the company’s founding members are all potential entrepreneurial resources. An asset employed in the start-up of a new company is called an entrepreneurial resource.
Physical resources used by the company are known as tangible entrepreneurial resources. These could include cash, tools, or real estate. They must play a significant role in the venture’s growth in order to qualify as entrepreneurial resources.
Although difficult to measure, intangible entrepreneurial resources are frequently just as valuable as real ones. A business owner may have strong entrepreneurial resources if he or she has a sizable public platform, like a blog, or if they have a wide network of contacts in the sector.