entrepreneurial resources & leadership

8/2/2019 Entrepreneurial Resources & Leadership

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Financial resources will take one of two forms:debt or equity

equity- fund invested in ownership shares such asstock.debt-borrowed funds such as interest bearing loans.

Types of financial resources that may beneeded depend on two factors:

a. The stage of venture development

b. The scale of the venture

HUMAN CAPITAL

SOCIAL CAPITAL

GOVERNMENT

RESOURCES

FINANCIAL RESOURCES


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start ups at the earliest stage ofdevelopment and mostly begin on a relatively

small scale.-funds available is quite limited.

Bootstrapping- when applied to entrepreneurs, it refers totechniques used to minimize borrowing and avoid sellingparts of a business to investors and venture capitalists.

Later stage financing readily available toincumbents that launch entrepreneurialinitiatives.


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Angel investors private individuals who

provide equity investments for seed capitalduring the early stages of a new venture.

Others need financing:-after they are founded

-brink of rapid growth

Venture capital- form of private equityfinancing through which entrepreneurs raisemoney by selling shares.


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The most important asset

an entrepreneurial firm

can have is strong and

skilled management.

FINANCIAL RESOURCES

HUMAN CAPITAL

GOVERNMENT

RESOURCES

SOCIAL CAPITAL


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Stephen Gaal (founding member of walnutventure associates) venture investors do not invest in

business: instead, we invest inpeoplevery smart people with very high

integrity.

Managers-strong base of experience and extensive

domain knowledge.-ability to make rapid decisions and changedirection.


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new ventures founded by

entrepreneurs who haveextensive social contacts are

more likely to succeed than are

ventures started without the

support of a social network.

SOCIAL CAPITAL

FINANCIAL RESOURCES

HUMAN CAPITAL

GOVERNMENT

RESOURCES


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STRATEGIC ALLIANCES- the type of

social capital that can be especiallyimportant to young and small firms.

Types:a. Technology Alliances

b. Manufacturing Alliances

c. Retail Alliances


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in the United States, the

federal government providessupport for entrepreneurial

firms in two key arenas-financing and government

contractingGOVERNMENT

RESOURCES

SOCIAL CAPITAL

FINANCIAL RESOURCES

HUMAN CAPITAL


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Government contractingensures that small businesses have

the opportunity to bid on contracts

to provide goods and services tothe government.


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Involves courage, belief in ones convictions,and the energy to work hard even in difficult

circumstances.


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With a vision, entrepreneurs are

able to exercise a kind oftransformational

leadership that creates

something new and in some waychanges the world.

DEDICATION AND DRIVE

COMMITMENT TO

EXCELLENCE

VISION


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MICROSOFTSs VISION:

"A computer on every desk

and Microsoft software on

every computer."


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reflected on hard work.DEDICATION AND

DRIVE

VISION

COMMITMENT TO

EXCELLENCE


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Drive- involves internal

motivation.

Dedication- calls for anintellectual commitment that

keeps an entrepreneur going

even in the face of bad news orpoor luck.


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Even if I am an active entrepreneur, I reallydont want to be associated with materialwealth, I believe that my real purpose in life is

to give hope to other people even only in myhumblest ways.

-Michael Del Rosario


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excellence requires theentrepreneurs to develop a

commitment to knowing the

customer, providing quality goodsand services, paying attention to

details and continuously learning.

VISION

DEDICATION AND DRIVE

COMMITMENT TO

EXCELLENCE


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The leadership that is needed to

build a great organization isusually exercised by a team of

dedicated people working

together rather than a singleleader.

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