Venture capital, angel investor money, cash on hand, tools, inventory, and the expertise of the company’s founders are all resources that can help an entrepreneur get their business off the ground. When starting a business, it’s important to have access to a variety of tools and resources.
To put it simply, a company’s tangible assets are its actual, physical possessions. Money, tools, or property are all examples. They must play a significant role in the growth of the business in order to be considered entrepreneurial resources.
Although they are more difficult to measure, an entrepreneur’s intangible resources can be equally as valuable as more conventional ones. A business owner’s blog or other huge public platform, as well as his broad network of industry contacts, may be among his most valuable resources.