Resources are critical inputs for any business that are needed to carry out activities like production, marketing, and management. There are both financial resources like funds as well as non-financial resources like human resources, business guidelines, facilities, materials, and the entrepreneur themselves. To mobilize these resources, entrepreneurs must be well organized and follow steps like preparing a business plan, listing resource needs, examining funding sources, creating a fundraising strategy and action plan, implementing and monitoring the plan, and reviewing and repeating the process.
Resources are critical inputs for any business that are needed to carry out activities like production, marketing, and management. There are both financial resources like funds as well as non-financial resources like human resources, business guidelines, facilities, materials, and the entrepreneur themselves. To mobilize these resources, entrepreneurs must be well organized and follow steps like preparing a business plan, listing resource needs, examining funding sources, creating a fundraising strategy and action plan, implementing and monitoring the plan, and reviewing and repeating the process.
Resources are critical inputs for any business that are needed to carry out activities like production, marketing, and management. There are both financial resources like funds as well as non-financial resources like human resources, business guidelines, facilities, materials, and the entrepreneur themselves. To mobilize these resources, entrepreneurs must be well organized and follow steps like preparing a business plan, listing resource needs, examining funding sources, creating a fundraising strategy and action plan, implementing and monitoring the plan, and reviewing and repeating the process.
to ensure that activities are carried in • marketing, production, and management. Without resources nothing will be produced or sold. • Traditionally everyone in need of resources to go into business looked to the banks • for assistance. RESOURCE MOBILIZATION • To start business operations you will need resources. Resources might be financial or non financial. Resources are inputs that are needed in the business to carry out the business operations. • You the entrepreneur are the most important resource in the business. RESOURCE MOBILIZATION • There are other resources needed namely human resources to carry out work, business • guidelines to assist in a consistent and quality provision of information, facilities such as • machines to make work easier, materials to turn into products or services and funds to buy resources from outside the business. RESOURCE MOBILIZATION • Mobilising Resources for Enterprise Development • To mobilize resources you must be well organized. The following steps can help you mobilise resources: • 1. Prepare a business plan; • 2. List all the type and amount of resources you need to develop your business; • 3. Examine funding prospects including yourself, informal and formal sources; RESOURCE MOBILIZATION • 4. Prepare a fundraising strategy (objectives and approaches); • 5. Prepare an action plan; • 6. Put plan into action • 7. Monitor the progress of fundraising activities; • 8. Evaluate the results of the resource mobilization; • 9. Review the plan; • 10. Repeat the process