1. I know people who are very knowledgeable in the industry.
V: Extremely valuable
R: Not very rare
I: Can be imitated, but oftentimes, hard to find knowledgeable people
N: Non-substitutable
V: Extremely valuable
R: Not very rare
I: Can be imitated, but oftentimes, hard to find knowledgeable people
N: Non-substitutable
2. I know a lot about advertising and marketing.
V: Very valuable
R: Not very rare
I: Can be imitated
N: Non-substitutable
3. I have experience with selling products.
V: Valuable
R: Not rare, but also not extremely common
I: Personal experiences can be hard to imitate
N: Non-substitutable
4. I am a very persuasive person.
V: Valuable
R: Not very rare
I: Can be imitated
N: Non-substitutable
5. I know exactly how to find my customers.
V: Very valuable; I know exactly what my market is
R: Not rare, but also not extremely common
I: Can be imitated
N: Non-substitutable
6. I am very good with finances.
V: Valuable, but I could always hire someone to take care of the finances for me
R: Not rare, but also not extremely common
I: Can be imitated
N: Non-substitutable
7. I have experience with running a business.
V: Extremely valuable
R: Not rare, but also not extremely common
I: Personal experiences can be hard to imitate
N: Non-substitutable
8. I am a very adaptable person.
V: In many instances, very valuable
R: Not very rare
I: Can be imitated
N: Non-substitutable
9. I have a lot of leadership experience.
V: Very valuable
R: Not rare, but also not extremely common
I: Experience is difficult to imitate
N: Non-substitutable
10. I am very good at problem solving.
V: Very valuable
R: Not very rare
I: Can be imitated
N: Non-substitutable
I believe my top resource is my personal relationships with people who work in my industry. This is something that can be very difficult to find and I have the luxury of already knowing multiple people in this industry. These people will benefit me in so many different ways throughout this journey.
Tyler,
ReplyDeleteI think you did a great job of identifying resources and I like that a lot of them are rare/hard to imitate! My only feedback would be to expand on some of your resources. For instance, you said that you have experience running a business. What kind of business? Is it similar enough to your current venture to be a valuable resource?
~Izzy C.
Tyler, good job identifying your resources, I imagine as you moved closer to actually running this venture you could come up with more specific resources. I had trouble finding rare ones as well so I used a lot of personal qualities too. I think your points could have some substitutes available though. For example a substitute for being good with finances would just be hiring someone who is good at them.
ReplyDelete