The Timmons Model discounts the popular notion that extensive resources reduce the risk of starting a venture and instead ________.

Question

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The Timmons Model emphasizes the importance of starting with the minimum viable resources to achieve a competitive advantage. This means that entrepreneurs should focus on identifying and leveraging their unique strengths and capabilities rather than relying on extensive resources. A comprehensive business plan and contingency plan are important, but they are not the primary focus of the Timmons Model. Hiring a full slate of capable employees may also not be necessary at the outset, as the model emphasizes the importance of lean and agile processes.

The Timmons Model Discounts the Popular Notion That Extensive Resources