Wednesday 21 November 2012

Key Resources

What are the most important assets required to make the business model work?
Do you need finance, physical objects, intellectual property or also human resources?

All these resources are what you need to focus on to bring your value proposition into reality. 


Physical Resources 

--how will you acquire all your physical resources


  • Company Facilities

-- You will also need office space and a company location. It is important to know where and how you will acquire it.

  • Products/Services

--This is where you need to figure out where you will get a hold of your suppliers who will supply materials such as iron ore or warehouse space.

Financial Resources 

-- how will you get the money to get your business off the ground.


  • Friends, Family, Crowd-Fundraising

--Sometimes it does not require much money to start your business and through these people you can easily get money to start your business.

  • Venture Capital, Corporate Partners, Government Grants

--If your business requires millions of dollars to start then you can acquire money from investors or government grants from your country.

  • Lease-lines, Factoring, Vendor-financing

--Once you have made some revenue you can get loans from bank and financing from vendor who want to sell to you although you do not have the money.

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