The model presented focuses on examining the cumulative influence and contribution
of resources in the entrepreneurial process starting from the core of the process, i.e., the
human capital of the entrepreneur (HCR), followed by the selection of tourism venture
type and location (PCR). Then, the entrepreneur moves on to the establishment phase,
where a commitment to the actual creation of the business is made. This phase includes
writing a business plan (OCR) and defining the planning and design characteristics of the
tourism venture (PCR). In the settings of the specific study, these plans are required to
obtain financial and advisory assistance from external sources (OCR). It is argued that the
sequence of resource accumulation in the proposed model enables the venture to gradually
become well established and ultimately, highly sustainable.