06.1 types of resources
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The document discusses the five key types of resources that a business needs to operate: physical, intellectual, human, financial, and social resources. It provides examples for each type and prompts the reader to make lists of the specific resources their own business would require. The overall message is that in order to start and run a business successfully, entrepreneurs must identify, acquire, and manage the necessary portfolio of physical, intellectual, human, financial, and social resources.
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06.1 types of resources
- 1. The Science of Start Types of Resources paulshawsmith scientific business strategy
- 2. What do you need to learn this week? paulshawsmith scientific business strategy
- 3. What key resources does your business need to operate? paulshawsmith scientific business strategy
- 4. Can you acquire those key resources? paulshawsmith scientific business strategy
- 5. What are the costs and terms of acquiring your key resources? paulshawsmith scientific business strategy
- 6. 1 Physical Resources (Things) paulshawsmith scientific business strategy
- 7. Buildings
- 8. Vehicles
- 9. Machines
- 11. Make a list of physical resources your business needs? paulshawsmith scientific business strategy
- 12. 2 Intellectual Resources (Knowledge) paulshawsmith scientific business strategy
- 13. Patents
- 14. Company Secrets
- 15. Copywrites
- 16. Brands
- 17. Databases
- 18. Make a list of intellectual resources your business needs? paulshawsmith scientific business strategy
- 19. 3 Human Resources (People) paulshawsmith scientific business strategy
- 22. Expert Employees
- 23. Make a list of human resources your business needs? paulshawsmith scientific business strategy
- 24. 4 Financial Resources (Money) paulshawsmith scientific business strategy
- 25. Source: FinScope (2011) Sources of financing
- 26. Banks
- 27. Equity Investors
- 28. Government loans or grants
- 29. Crowd Funding
- 30. What financial resources will your business need? paulshawsmith scientific business strategy
- 31. 5 Social Resources (Contacts) paulshawsmith scientific business strategy
- 32. Key Contacts & Relationships
- 34. Incubator average Industry average (3/20 fail) (10/20 fail) Source: Phillips (2002) and Audretch (1995) Support Network
- 35. Advice from accountants 3< /yr No advice from accountants (16/20 survived ) (9/20 survived) Source: Watson (2007) Key Advisors
- 37. Thought Leaders
- 38. What social resources does your business need? paulshawsmith scientific business strategy
- 39. In groups of 3 – 4: * For each person’s business create a dream list of resources for your business * Think: Things, knowledge, people, money & contacts * What resources would get you making money next week? * What resources would get you acquiring customers? * What resources would get you delivering products and services? List your dream resources
Editor's Notes
- #3: So, the first thing that R100 million plus entrepreneurs do is they have ambition. Oceans and oceans of ambition.
- #36: Take for example a study done at the on over 5,000 firms that looked at whether firms sought advice from an their accountant. Firm which did seek advice had a 70% higher odds of surviving then firms which did not seek advice.