Assignment 23A: Your Venture's Unfair Advantage

Resources of my Venture

• Connections with various entrepreneurs at different stages in the process
• VRIN: very valuable, able to get firsthand advice as someone is going through a similar obstacle. Somewhat rare unless you network and put yourself in that community. Can be copied...however not connections with same exact people. Difficult to substitute this type of knowledge 
• Entrepreneur Collective on UF Campus 
• VRIN: quite valuable, includes those starting company and those interested. Not too rare to find on college campuses, thus can also be copied and substituted. 
• A perseverance and love towards entrepreneurship 
• VRIN: extremely valuable to complete project/goals. Rare to find in people, not all entrepreneurs are always full of perseverance. Difficult to copy, it is something I feel and put into action. Cannot be substituted, it is internal. 
• Friends with someone that uses a Chinese facility to create products
• VRIN: pretty valuable for the company I want to start. Can be rare, depending on the person. Cannot be substituted, you need to meet a person with this background.
• Mentor and teacher that sold his company for millions of dollars
• VRIN: extremely valuable, comes with years of experience and can communicate stories that share mistakes to avoid. Quite rare to have a multi-millionaire willing to teach you how he did it. What he has done can not be imitated. Difficult to substitute someone of that success and personality. 
• Enrolled in Business Plan Lab, ability to create business plan for venture
• VRIN: pretty valuable when looking for investments. Not rare, anyone can take this class in colleges that offer it. 
• Minoring in Entrepreneurship, building foundation needed to create venture
• VRIN: pretty valuable, gives foundation. Not rare, anyone can take this class in colleges that offer it. 
• Leadership capabilities resulting from reading numerous self-help books
• VRIN: very valuable, read of successful individuals. Anyone can read these books, does not mean that they are going to though. These kinds of books can be substituted with one another. 
• Ability to inspire others to see overarching goal and aspirations 
• VRIN: extremely valuable, this is what makes a business good to great. Quite rare, and it is hard to imitate because it is internal. Cannot substitute. 
• Possible capital from family if I felt as though the venture was strong enough 
• VRIN: pretty valuable at an early stage. Rare to find families that are willing to invest in your company because of risk. Can be imitated if family is willing to invest. Can be substituted with banks. 

Top Resource

• Connections with various entrepreneurs at different stages in the process

Being able to connect with and hear how entrepreneurs are doing along their journey is invaluable. I can get advice along each step of the way, which can relate to exactly where I am along my process. This type of advice is rare, and amazing that I have the opportunity to connect with so many people along their entrepreneurial endeavors.