2. It has components such as the ease to start a business, tax
incentives, and laws that could be business friendly. As well,
physical structure is part of this domain, where the access to basic
infrastructure, telecommunication and transport have an impact
on businesses.
It is beneficial to have financial reserves so that they can
maintain their growth as they acquire more resources. The
financial resources are a key aspect since it gives the support
to hire people, to buy or lease properties and equipment, to
invest in marketing and sales, and to keep track on customers.
3. There are a variety of individuals, institutions and
organizations that ease the business creation and their
expansion. Some of this actors could be seen as mentors,
advisers, professional services like accounting, human
resources and legal, incubators and accelerators as well
as entrepreneurial networks
The markets domain is the representation of the customers who are willing
to pay for the companies’ products and services. Entrepreneurial
ecosystems with accessible markets that can be reached are important to
help businesses grow within a region. The components that are in the
markets domain are the domestic, foreign market, small, medium , large
businesses ,government purchases etc.