23 A- Your Venture's Unfair Advantage
1. Convenient- My bike racks will be located near heavily trafficked areas for convenience.
- Convenience is valuable
- Bike racks themselves are not rare, however, conveniently located ones are
- Though easily imitated, I believe that convenience in this context is difficult to achieve
- Conveniently placed bike racks may be substituted by other one time use methods of transportation such as a Byrd scooter
2. Human Capital- My human capital
- My skillset is unique and valuable
- Human capital itself is rare, and not many people possess it
- Human capital is very hard to imitate
- Personal human capital is not able to be substituted, as everyone has their own unique skillsets
3. Competitive motivation
- My competitive mindset is extremely valuable
- My capacity for competition is rare
- My competitive mindset is not able to be imitated
- Competitive mindset is something that is not able to be substituted
4. Social capital
- My social capital is very valuable
- My own personal social capital is rare
- My own social capital is not able to be imitated
- Personal social capital is not able to be substituted
5. Financial capital
- My personal financial capital is not valuable
- My personal financial capital is not rare
- My personal financial capital can be imitated
- Financial capital can be substituted by social or human capital (getting investors through networking)
6. People in my network with app making skills
- This personal trait is extremely valuable
- People with this skill are very rare
- People with this skill can be imitated
- In my business proposal this type of person cannot be substituted because of the technological nature of the business
7. Financial experience
- My financial experience is valuable
- My skills with handling large amounts of funds are rare
- My personal skills cannot be imitated
- My own financial skills can be substituted for someone with comparable financial capabilities
8. Sales experience
- My personal sales experience is very valuable
- My amount of sales experience at my age is rare
- My personal sales experience is able to be imitated through training
- My personal sales experience is able to be substituted by someone else who utilizes the same sales strategies
9. Close age proximity to customers
- This is very valuable
- I feel that it is uncommon for someone to pursue a target market that includes their personal age
- This is unable to be imitated
- This can be substituted, as I get older, a younger campus representative would have to take over and report back to me
10. Innovative mindset
- This is very valuable
- It is uncommon for someone to be able to think outside the box and break normal patterns
- This is unable to be imitated
- An innovative mindset is unable to be substituted
I personally feel that my prior experience with financial planning and sales are my biggest assets when taking on this endeavor.
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