The success of an entrepreneur depends on the fact that how efficiently he can make proper use of the required resources. The entrepreneur along with making the mobility of resources has to see that this mobilization should be in favourable direction. Thus, he should pay attention on some of the following points:
(1) Need**of Resources:** First of all, the entrepreneur should make sure that what resources are needed by him? The selection of proper resources should be done as per his requirement.
(2) Identification of Resources: The entrepreneur will now identify from the various resources that he needs which of the resources in what quantity and from where it will be made available?
(3) Study of difficulties: It is not an easy task to arrange resources. To all these things should be studied in advance that what difficulties can be faced by the entrepreneur to obtain required resources so that the future work *** easy.
(4) Contact with Supplier: Every resource; such as-land, machine, labour, capital etc. are owned by some of the person or institution. Thus, the entrepreneur should make contact with the supplier of these resources and should get satisfaction about its availability in time.
(5) Quality and Timing of Resources: All the things should be determined by the entrepreneur that what quantity of which resource and it should be compared with the cost while arranging the resources. He should see that the above quality of the resource is suitable for him or not?
(6) Quality and cost of Resources: The entrepreneur should consider the quality of resource and it should be compared with the cost while arranging the resources. He should see that the above quality of the resource is suitable for him or not?
