My Unfair Advantage

Human Capital

1. Creativity
V: It is valuable in the sense that it will help me come up with new ways to make my business the best it can be.
R: No, it is not rare. Everyone is creative in their own way.
I: It is not easy to copy one's creativity because everyone has different ideas and skills which enhances their creative process.
N: People who aren't creative can hire people who are creative or look up what people have done in the past and copy their methods.

2. Organization
V: This is valuable because it will keep everyone in check and focused on a goal. It will help my product continue to move forward.
R: No, it is not rare.
I: It is easy to learn to be organized. Anyone can bring that to the workplace.
N: There is no way to be organized in another way, you either have to be organized or not organized.

3. Outgoing Personality/Motivator
V: This is valuable because it will keep the energy going and get people excited about what they work for.
R: It is not that rare.
I: It is easy to be copied by others because people can copy the tactics you use to motivate people.
N: There are different ways to motivate people. Maybe by paying workers more?

4. Persistance
V: This is valuable because it it a good mentality to have. It will help my product go far and it is very entrepreneurial.
R: It is not that rare, but it potentially can be because people tend to give up fast.
I: Sometimes people do not have the drive to be persistent so being persistent can be hard to copy.
N: There is no other way to be persistent.

Social Capital

5. Connection to a Supplier:
V: This is valuable because it will be imperative to move my business forward and to get advice to achieve the most.
R: It is not rare to have a supplier, but it rare to know the same supplier I know, and I will be better off with my supplier.
I: It is hard to copy this because my supplier will be different from a supplier someone else finds.
N: Yes. People can know other suppliers, so they will get the same benefit that I do.

6. Connection to Market Expert:
V: This is valuable because I will be able to market my product extremely well with the market expert I have.
R: It all depends on the market experts you know and work with.
I: It could be, because people use the market tactics that they learned in school or the same market tactics that have been used for years.
N: Yes. People can know other market experts, so they will get the same benefit that I get.

7. Connection to Domain Expert:
V: This is valuable because it is important to know someone who is experiencing or has experienced what a person goes through when they create a product or expand a business.
R: Again, it depends on the people you know.
I: I don't think that one could copy the benefits I receive from the Domain Expert I know because every person's experiences are different.
N: Yes, people can know other domain experts, but everyone is different; therefore, people will get different results.

Miscellaneous :

8. Time:
V: This valuable because competitors may not have so much time on their hands like I do as a college student.
R: It is rare.
I: No one can copy how much time I have on my hands unless they go back to school.
N: It is hard to not have to deal with time since it is everywhere.

9. College Student:
V: This is valuable because I am selling a product to college students and Universities so I can relate to the hardships students go through.
R: It may be rare to be a college student.
I: There are a lot of college students so people could have this advantage.
N: You could hire college students to market your product if you weren't a college student yourself.

10. Taking this Entrepreneurship Class:
V: It is very valuable that I am taking this entrpreneurship class because I am learning a lot about my abilities and learning methods to tackle situations.
R: A class this well taught is very hard to come by.
I: Maybe if you knew people who have took this class before or hired people who took this class to work for you, then it would be easy to copy.
N: One could take other entrepreneurship classes to makeup for not having gone through this one.