Scotland has a hidden secret… and it’s about time we started sharing it. Our nation is already well-known for its concentration of world-class universities – higher per head of population than any other country – but what we don’t shout about enough is the stream of innovative students, graduates, and staff at those universities who are turning their ideas into global businesses.
Dr Jeffery Timmons of Babson College in Massachusetts developed the Timmons Model of Entrepreneurship during his PhD thesis at Harvard University. This model has now become a well-known guide for entrepreneurs on how to increase their chances of success. Basically, he states that the success of a startup business hinges on the entrepreneur, the (market) opportunity and the resources.