23A -Your Ventures Unfair Advantage
- Resources
- Services can be appeal to most age groups
- Valuable- will eliminate a hazle
- Rare- Not seen any similar service
- Inimitable- easy
- Non-substitutable- only service catering to these specific problem
- Ability to attract customer base
- Valuable-More customer, better
- Rare- yes
- Inimitable- slightly
- Non-substiituable- Its methods can be substitutable
- Website design
- Valuable- Easy access to service through web/call
- Rare- somewhat
- Inimitable- yes
- Non-substitutable- maybe easy model to copy
- Good social capital in the area
- Valuable- knowledge of the intended demographic
- Rare- yes
- Inimitable- Hard to have the same contact
- Non-substitutable- unable to substitute
- Grants/ Loans to start business
- Valuable- extremely
- Rare- not too rare
- Inimitable- can be easily done
- Non-substitutable- cannot be substituted
- Franchising capabilities
- Valuable- yes, some projects are hard to scale
- Rare- somewhat
- Inimitable - no
- Non-substitutable - business model can be adjusted and substituted
- Charisma
- Valuable- yes
- Rare- can be rare
- Inimitable -Yes
- Non-substitutable - yes it can be
- Computer knowledge
- Valuable- yes
- Rare- no
- Inimitable- no
- Non-subsitutable- no
- Mentorship
- Valuable - Yes
- Rare- yes
- Inimitable- definitively
- Non-substitutable- it is not
- Devotion to customer care
- Valuable - yes, very important
- Rare - It can be
- Inimitable - no
- Non-substitutable
- I believe my biggest resource would be how this business model can work with most age groups. To provide a solution solving service can be great for the community and word can spread fast, meaning fast scalability once we reach our targeted customer base, the hard part would definitively be attracting the customer first, but once they enjoy our service I believe the retention rate will be steady.
Good job on your post. I enjoyed going over your list. I think you hit the nail on the head for your biggest resource being that you can work with most age groups. I also like that you put charisma on your list. Not everybody has that and it is definitely an asset. I also agree with you that getting the first customers would be the hardest. It also appears that you did a good job of thinking about the VRIN for each item.
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