23 March 2016

My Unfair Advantage

My resources:

  1. Experience in Sustainability-
    • Valuable: my exposure to international sustainability provides great platform/information
    • Rare: at my age, few people have done research in other countries/have gotten "out of the box"
    • Inimitable: self explanatory; my life experience is unique to me & cannot be replicated
    • Non-substitutable: this cannot be substituted, but can be complemented with other people with expertise in this area
  2. Contacts/Social Capital with experience in sustainability (TOP RESOURCE)-
    • *Valuable: most important piece of the business. as the people in any business hold the most value and undoubtedly determine its ultimate success 
    • Rare: I have many contacts with extensive expertise in the area of sustainability who are interested in seeing this project to fruition for their own personal gain as well as mine
    • Inimitable: social capital is a compilation of unique experiences that together, create a successful working atmosphere
    • Non-Substitutable: the individuals that I have in mind for this project are essential and specific and cannot be replaced by skills or technology
  3. Social Interest/Attention-
    • Valuable: no business is successful without the interest of customers
    • Rare: it can be difficult to attract new customers when all kinds of new businesses are constantly popping up 
    • Inimitable: this is not necessarily inimitable because each business builds its own customer basis, although our customers would ideally be non-substitutable
    • Non-Substitutable: the cafe would aim to maintain our distinct interest from our customers and investors; these kinds of ideas typically attract very eccentric people and we would encourage this
  4. Potential Capital-
    • Valuable: start-up companies often struggle in finding financial capital to fund their business ventures; I already have several offers for financial support if I choose to go through with this project
    • Rare: at this stage, offers for funding is not common
    • Inimitable: this would be imitable if other companies also had the same interest; this is unique to us
    • Non-Substitutable: again, this could be substituted by other funds, but finding that interest elsewhere is another task
  5. Location-
    • Valuable: Gainesville is full of students, is a hotspot for innovation, and has showed general interest in sustainability
    • Rare: finding a location where all of these things are possible & opportunities combine with good timing in a great location is difficult
    • Inimitable: Gainesville is Gainesville; there's no other way of putting it
    • Non-Substitutable: finding a great location in Gainesville might be a bit of a challenge initially, but that would become known for the physical positioning as well as the services the cafe has to offer
  6. Interested Market Segment-
    • Valuable: New businesses typically have to hunt for customers; having customers who are waiting for your services to be provided is an awesome asset for a beginning business
    • Rare: customers convincing other customers based on principle to give their business to a company/start-up=rare
    • Inimitable: the excitement produced by the cafe serves as motivation to move on and create more interest as the project matures
    • Non-Substitutable: this interest is non-substitutable, but can definitely be compounded upon to find a larger customer basis

1 comment:

  1. Hello Sofia. I think you have a pretty good list of resources that could prove useful in your venture. I think having experience to something, like sustainability, is extremely valuable and gives you an edge over many people. This extra knowledge could help you in many ways like with dealing with clients and future planning of your product/service. Like you, I also listed Gainesville as a resource.

    Check out my blog post:
    http://jent3003.blogspot.com/2016/03/my-unfair-advantage.html

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