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Toolkit—Tools to Develop Core Business, Growth, and Sustainability

In: Practical Tools for Youth Entrepreneurs

Author

Listed:
  • Thea van der Westhuizen

    (University of KwaZulu-Natal)

Abstract

‘Co-evolving’ brings with it the ideaGrowth of growingDevelop our businessCore business with others to be relevantSustainability to an expanding world. If our business idea is not relevant, it is unsustainable. It is like the seed thrown on stony ground; it will fail. All businesses need Resourcesresources to feed on to thrive. In economic terms, these are sometimes called the ‘factors of production’: land, labour, capital, and entrepreneurshipEntrepreneurship. Labour refers to what we today call human Resourcesresources, and capital is the money or financing required to keep the business afloat, pay suppliers and employees, and reinvest in the business so that it can grow and prosper for its owners and shareholders. Our last resource, entrepreneurshipEntrepreneurship, is us, the people with the drive, attitude, and innovationInnovation to start and run a successful business. The third quadrant of the Shifting Hope, Activating Potential Entrepreneurship (SHAPE)SHAPE Business ModelModel(s) Canvas is a toolTools to help entrepreneursEntrepreneur(s) to think about their business’s Resourcesresources and operational needs.

Suggested Citation

  • Thea van der Westhuizen, 2024. "Toolkit—Tools to Develop Core Business, Growth, and Sustainability," Springer Books, in: Practical Tools for Youth Entrepreneurs, chapter 0, pages 187-205, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-44362-6_8
    DOI: 10.1007/978-3-031-44362-6_8
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