06.1 types of resources

The Science of StartTypes of Resources

paulshawsmithscientific business strategy


What do you need tolearn this week??


1What key resources does your business need to operate?


2Can you acquire those key resources?


3What are the costs and terms of acquiring your key resources?


Physical Resources

(Things)

1

Buildings

Vehicles

Machines

Logistics Infrastructure


? Make a list of physical resources your business needs?


Intellectual Resources

(Knowledge)

2

Patents

Company Secrets

Copywrites

Brands

Databases


? Make a list of intellectual resources your business needs?


Human Resources

(People) 3

Experienced Employees

Skilled Employees

Expert Employees


? Make a list of human resources your business needs?


Financial Resources

(Money)4

Sources of financing

Source: FinScope (2011)

Banks

Equity Investors

Government loans or grants

Crowd Funding


? What financial resources will your business need?


Social Resources(Contacts)5

Key Contacts & Relationships

Political Connections

Source: Phillips (2002) and Audretch (1995)

Incubator average(3/20 fail)

Industry average(10/20 fail)

Support Network

Source: Watson (2007)

Advice from accountants 3< /yr (16/20 survived )

No advice from accountants(9/20 survived)

Key Advisors

Patrons or Champions

Thought Leaders


? What social resources does your business need?

List your dream resources

*

**

*

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?

06.1 types of resources

Business