ABSTRACT
The entrepreneurial journey requires resources to keep it going and to build the ultimate social structure of a realized opportunity. Thresholds of affordability vary across individuals: what seems unaffordable (and thus too risky) for one, may be acceptable for another. Resource balance sheet is helpful for two reasons: First, it makes clear that not all dealings and exchanges in the entrepreneurial journey should have a financial basis. Second, because financial capital is concentrated in certain institutions (e.g. banks, pension funds, investment funds), reliance on financial capital implies that these entities have to be brought into the picture, with their own interests, decision processes, and governance and accountability. The question of timing relates to balancing the financial needs of the business with its expected value. The expected value of the business is a reflection of the mix between blueprint and realization – the more outstanding tasks there are, the lower the likelihood that they all will be achieved.
