Category: Fundamentals of Resource Planning

14.1 Types of Resources Determining which resources a venture needs is essential to its success. Assets are types of property that benefit the person or company in possession of them. They can be tangible or intangible. Tangible resources can be seen, touched, and felt. They may include raw materials, land, facilities, buildings, machinery, computers, supplies, furniture,…

Learning Objectives By the end of this section, you will be able to: The evaluation of needed resources does not end with the startup phase. This is an essential activity that the business owner must engage in throughout the life cycle of the business. Many entrepreneurs have failed to re-assess how their needs have changed…

Learning Objectives By the end of this section, you will be able to: As you venture into planning the resource allocation for your enterprise, you will learn that there are a variety of tools that can help you. It is important prior to launch to identify the minimum resources needed for startup. Some businesses will…

Learning Objectives By the end of this section, you will be able to: You have learned about many opportunities for entrepreneurs to explore and the processes that ensure their success. This discussion focuses on the various resources that entrepreneurs need to start, maintain, and grow an enterprise, and, in general, how to procure those assets.…

Figure 14.1 New Story is changing the way social enterprises manage resources through an innovative business model that uses crowdsourcing to fund construction. (credit: modification of photo provided by New Story) Chapter Outline 14.1 Types of Resources 14.2 Using the PEST Framework to Assess Resource Needs 14.3 Managing Resources over the Venture Life Cycle New Story, a forward-thinking social enterprise,…