Your Venture’s Unfair Advantage


1.      Attention to detail
a.       Valuable: Helps me make sure that everything is going to go smoothly
b.      Rare: No
c.       Inimitable: yes, with hard work
d.      Non-substitutable: No
2.      Time management
a.       Valuable: Ensures that everything is done in timely manner
b.      Rare: no
c.       Inimitable: Yes
d.      Non-Substitutable: no
3.      Hard working
a.       Valuable: Will ensure job is done no matter what it takes
b.      Rare: no
c.       Inimitable: yes
d.      Non-Substitutable: No
4.      Huge customer base
a.       Valuable: Will make sure that there always a customer
b.      Rare: no
c.       Inimitable: yes, other industries
d.      Non-Substitutable: no
5.      Unique product
a.       Valuable: No competition
b.      Rare: no
c.       Inimitable: yes, with a good contract
d.      Non-Substitutable: yes, if created
6.      Sports management major
a.       Valuable: will help me with knowledge about the field
b.      Rare: no
c.       Inimitable: yes, with schooling
d.      Non-Substitutable: no
7.      Willing to learn
a.       Valuable: will spend time to gain knowledge
b.      Rare: no
c.       Inimitable: yes, with drive to gain knowledge
d.      Non-Substitutable: no
8.      Ability to communicate
a.       Valuable: Will ensure that I can spread the word and gain a bigger audience
b.      Rare: no
c.       Inimitable: yes
d.      Non-Substitutable: yes
9.      Open culture
a.       Valuable: ensure that staff is comfortable and works well
b.      Rare: no
c.       Inimitable: yes, other companies are like this
d.      Non-Substitutable: yes, a closed culture
10.  Fixed cost of expenses
a.       Valuable: won’t have to worry about a fluctuating cost
b.      Rare: no other companies have fixed cost
c.       Inimitable: yes
d.      Non-Substitutable: no
Top Resources is it being a unique product as it will be the only one on the market. It provides the team that the customer wants and any sport they want unlike any other service.

Comments

  1. Hey Ishan,
    I think that you have very good and important resources that will benefit your product. You picked a lot of resources based on human capital, which I found interesting. I based my resources more on financial capital and social capital rather than human capital because I thought the resources that come from them are more important for a startup.

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