Your Venture’s Unfair Advantage

1) My organization skills

Valuable: Being organized in business is important
Rare: many products are established
Inimitable: You have to be unique to stand out.
Non-replaceable: You must have a detail that no product has.

2) Financial capital
Valuable: Having an investor.
Rare: Depends on the amount, same as the investor.
Inimitable: Get a lender, better relative.
Non-replaceable: There is no substitute.

3) share capital
Valuable: Having an investor.
Rare: Depends on the amount, same as the investor.
Inimitable: Get a lender, better relative.
Non-replaceable: There is no substitute.
4) Strong technological skills
Valuable: Being a good communicator.
Weird: Don't fight with anyone.
Inimitable: Having unique content.
Not substitutable: Not applicable.

5) professional network
Valuable: Connections from the University.
Rare: Connections with teachers.
Inimitable: connections with politicians.
Not substitutable: Friends.

6) creativity skills
Valuable: Unique Products
Rare: Successful products.
Inimitable: National product.
Not replaceable: Not replaceable.

7) My time management skills
Valuable: You have to have an agenda.
Rare: Time management skills are common.
Inimitable: Easily do time management skills.
Not replaceable: Not replaceable

8) working employees
Valuable: A work environment is essential for success
Rare: Does not apply
Inimitable: Does not apply.
Non-replaceable: Does not apply

9) flexible location
Valuable: Locality is indispensable.
Rare: Depending on the locality the product can be successful.
Inimitable: Some companies have strategic locations.
Not substitutable: Not applicable.

10) Personality
Valuable: Personality is essential for doing business.
Rare: Personality is not rare;
Inimitable - anyone can easily copy or teach this
Non-substitutable: this resource is substitutable since personality is not usually the main thing of a business.

Reflection
My most important skills are managing resources and time. What I have to do to improve is my ability to improve creativity.