Your Venture’s Unfair Advantage
1. Uniqueness of the Idea: as far as I know, my idea is unique in that is uses scooters
2. Programming Experience: I plan to make an app, so my programming experience would help in that.
- This is valuable because it would allow me to provide customers with faster service as well as better prices. This is rare in its nature as I am saying my idea is unique. Someone could copy my idea so it is not very inimitable. This is not substitutable as my whole venture revolves around it.
2. Programming Experience: I plan to make an app, so my programming experience would help in that.
- This is valuable because it would allow me to save money by working on the app myself. This is not rare as many people can do this. This is inimitable as my capabilities are unique. This is substitutable as I can just hire someone else to do it.
- This is valuable because it would allow me to save money by asking help from friends. This is not rare as many people can do this. This is inimitable as their capabilities are unique. This is substitutable as I can just hire someone else to do it.
- This is valuable because it would allow me to ask him for advice if i need to. This is somewhat rare as not many people own these types of businesses. This is inimitable as his advice would be based of his experience. This is substitutable as I can ask another person.
- This is valuable because it would allow me to ask them for advice if i need to. This is somewhat rare as not many people are entrepreneurs. This is inimitable as his advice would be based of their experience. This is substitutable as I can ask another person.
- This is valuable because it would allow me to recruit them as drivers. This is not rare as many people own scooters. This is imitable as many people own scooters. This is substitutable as I can recruit scooter owners.
- This is valuable because I would need money to start up. This is not rare as there are many investors out there. This is imitable as you can find many investors. This is substitutable as I can find many investors.
- This is valuable because it would allow me to attract customers. This is not rare as there are many ways to advertise. This is imitable as there are many ways to advertise. This is substitutable as there are many ways to advertise.
- This is valuable because I can relate to my customers. This is rare as it relates to me personally. This is inimitable as it relates to me. This is not substitutable as it relates to me.
- This is valuable because it gives me a location that I can start up my business. This is rare as it relates to me personally. This is imitable as many people attend the university. This is substitutable as I can choose a different university to start at.
My top resource would probably be my access to campus as it gives a location that I am already near to where I can start up my idea.
Hey Czar, I agree that right now your access to campus is most likely your most valuable resource. If you're in a frat, your connection to greek life could be really helpful as it gives you an immediate "in" to advertise on campus. If not, you may want to try and get involved with some campus based organizations that will help you promote your service, and be on your side if you run into issues with the university.
ReplyDeleteI thought of you yesterday! There is a large outdoor mall here. I thought wow, someone would make a killing if they offered transportation from one side to the other. A motorcycle drove past and I thought, gosh I’d even just hop on the back of that. And I started laughing because it was basically your idea. Wouldn’t have worked since I was with my family but that does show your business idea could easily expand into something else. I don’t know why they don’t have golfcarts or a trolley system. Anyway, I said this already to a fellow classmate. It’s hard to just pick one resource that is the most valuable. I think they weight of importance changes depending on what you need done. Being at UF would make it easier to conduct business there. But that wouldn’t be important if you didn’t know drivers that would work for you. So during that process I think that would be valuable. Outside of this class and idea I think your app experience is honestly the most valuable since that could be applied to any business idea.
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