23A Your Venture's Unfair Advantage
1.
Communication
V: This is something necessary for any business to succeed.
R: Not everyone has this skill in fact many lack proper
communication skills.
I: Everyone is different so there are communication skills making
everyone unique and non-substitutable.
N: People can communicate but doesn’t mean they are doing it in a
way the customer understands.
2.
Banking Experience
V: This allows me to better understand how to make a legitimate
business in Florida.
R: Not everyone has the knowledge or experience.
I: Only those that have worked in a bank know the process and
actually worked with business accounts.
N: Without working through the process and dealing with the
requirements it can’t be done any other way.
3.
Connections
V: Connecting can be good to accomplish goals or increase sales.
R: Connections are hard to come by especially useful ones.
I: No one has the same connections each person has their very own
network.
N: It takes a long time to build these and cannot be substituted.
4.
Persuasion
V: Can convince people to join your cause or gain a client.
R: Connections are hard to come by especially useful ones.
I: No one has the same connections each person has their very own
network.
N: Someone that is convincing is
hard to replace because not everyone has the knack for it.
5.
Physical property
V: A base of operations,
storages, or practice area.
R: Most people have to look for a place to either purchase or rent.
I: If I own it that means no
one else can use it without my consent.
N: Each piece of property is unique with different terrains and designs
therefore not easily substitutable.
6. Local computer techs
V: They can fix/ repair my drones and
software whether it’s for bugs or installation.
R: Not everyone has someone to fix their
products locally and promoting local economy.
I: If I contact them to work for me
then other companies can’t use their services.
N: It’s convenient to go
down the road to have a product fixed or services, this is something most would have to send off for.
7.
Diverse Knowledge set
V: Allows me to strike a conversation
with almost anyone and shows that I have the capability of completing the task
at hand.
R: They call it a jack of all trades
someone that can pick up and do something, maybe not perfect but adequate.
I: No one retains the same information
and what I’ve learned over my lifetime is completely unique from everyone else.
N: Since no two people’s minds work the
same they can’t be substituted for some one elses.
8.
Determination
V: It’s what gets things
done
R: This is something most people don’t have if they fail they are likely
to give up.
I: If you don’t have it you, you don’t have it , it’s a trait that
is hard to learn if you do not have it.
N: There is no substitute for determination.
9.
Money
V: Money is used to finance
all products and services.
R: Most people my age do not save enough for something like a
business startup.
I: Can take a very long time to save.
N: There is no substitute for money.
10. College Education
V: Gives you the knowledge and skills to pursue the goals you would
like to achieve in life.
R: There are many people who do not achieve this goal or do not
have the resources available to get higher education.
I: No two peoples college experiences are alike and gives a
uniqueness to each student.
N: You can learn many useful tools in college besides just the
course skills which makes it hard to substitute a college education.
Communication is key therefore is
my important resource. Communication is very important for completing any job
or task whether it’s to employees or customers the goals and outcomes should be
clearly understood through good communication.
Great job. You are very structured and professional in your post. The content is also great, many of the unfair advantages you describe are often not considered and the fact that you recognize these gives you an ever bigger advantage. Overall you did a great job, very detailed.
ReplyDeleteHey Chaton!
ReplyDeleteWay to really break down all the resources composing your business. I can tell that you actually thought through each resource and evaluated its value to your business. You even got pretty specific and mentioned money, which is a huge part of starting your own business. Great job on this assignment!