Your Venture's Unfair Advantage

1: It is a relevant issue
Valuable: No business would be a success if no one needed it or benefited from it.
Rare: Many things that people need are already invented or possess a business, so it is rare to find one that has not been solved yet.
Imitable: Hard.
Non-substitutable: There are traffic organizations but not usually for this purpose.
Top Resource: This is my top resource because ultimately, no business will do well or be created if there is no purpose for it. Because of its benefits to people, it has the potential to become a business.
2: It allows things to move along faster
Valuable: People are possessing less and less of an attention span, and are trying to do more things all at once. This would save time.
Rare: No.
Imitable: Easy.
Non-substitutable: People can either break law, or be patient.
3: Provides safety
Valuable: Safety is important to many. Many rush this long traffic light to avoid waiting in traffic, which can lead to potential lethal accidents.
Rare: No.
Imitable: Easy.
Non-substitutable: Patience would provide safety, but would make things a lot slower.
4: I am a hard worker
Valuable: I will work hard to promote change.
Rare: Yes.
Imitable: Easy.
Non-substitutable: None.
5: Customer feedback
Valuable: I must hear and listen to what customers views are about the idea for improvement.
Rare: No.
Imitable: Easy.
Non-substitutable: None.
6: Connections
Valuable: In today's society, it is way more about "who you know" than "what you know."
Rare: Yes.
Imitable: Hard.
Non-substitutable: None.
7: Free time:
Valuable: Due to my light class schedule, I have a lot of time to focus on this entrepreneurial idea.
Rare: Yes.
Imitable: Easy.
Non-substitutable: Someone could sacrifice a different activity for the sake of their entrepreneurial dream, or they could not really focus on their business idea.
8: Man of the people
Valuable: As a leader, it is important to advocate not only for your goals and ideas, but also for those of others.
Rare: Yes.
Imitable: Hard
Non-substitutable: None.
9: Intelligence
Valuable: It is important to possess a certain amount of knowledge, especially in the entrepreneurial world.
Rare: No.
Imitable: Hard.
Non-substitutable: None.
10: People person
Valuable: I get along with people easily, which makes them want to work with me, and I enjoy talking.
Rare: Yes.
Imitable: Hard.
Non-substitutable: Someone could really have social skills and still be successful, but it is more rare.

Comments

Post a Comment

Popular posts from this blog

Celebrating Failure

One time I failed this past semester was when I tried to cook steak on the grill for my girlfriend and I's anniversary. I am not much of a chef myself, so I called up my father, figured out what to buy, how to prepare it, and I was set, or at least I thought so. I bought the steak, marinated it the night before, and it comes time to go upstairs to the roof of The Standard to cook. Well, I had no idea how to work the grill, and after 20 minutes of pushing random buttons and fearing that I would burn down the apartment, we left. We ended up making it on the stove the next day, so it was fine, but in the moment it was a shame that I could not do this for her. I learned a couple of things from this experience. First and foremost, I came home a couple weeks later and learned how to work a grill. I also learned that while I couldn't cook the steak for her on the grill, she wasn't upset, as it was the thought that counted. Lastly, I learned that while something may suck in the mo...
Read more

Halfway Reflection

Image
1: Some behaviors I use or improve in this class include critical thinking, self reflection, and learning perspectives. Also, I procrastinate less often than usual due to the scheduling of the workload. 2: One moment I considered giving up is actually right now, as it is late, and I was considering not doing this assignment, and thus, not receive the credit. However, I realized that this sacrifice in the short run will help me out in the long run. Another example is when I run for exercise, including high school cross-country and track, I often think about taking breaks to walk, as it would be more comfortable. However, something that always comes to my mind is the faster I run, the faster I'm done. Over the past 2 months, I would say I have become more tenacious. Something in this class that helpe d me with that was the constant amount of interviews I was required to conduct, as that taught me that while I may think I have all the information at first, I must continue to converse...
Read more

Figuring Out Buyer Behavior No. 1

The segment I have chosen for my product are the people in Gainesville who maneuver around the intersection of West University Avenue and Southwest 13th Street. It is not enough to simply be in the area, as travel around this specific area is the main struggle that must be fixed. Typically my target customers would use this intersection to travel daily. My first interviewee is my girlfriend Elanit, who lives at The Standard. She mentions that the traffic light interferes with her life and schedule daily. For example, she sometimes must carry loads of groceries from Publix to her apartment at a time, and it can be frustrating to hold on to that much weight for an unnecessarily long period. While waiting, the first thing she does is decides if it is more worth it to wait her turn or to illegally walk across the street, as besides that, there is no other choice. Next, I interviewed my friend Michael, who often needs to walk across the street from The Standard to the Heavener School of B...
Read more