1. I am highly organized, hard-working, and determined. If I set my mind to something, I will achieve it.
This resource is valuable because it is my character and not just anyone can create an idea and execute it. This resource is rare because I am a unique person with different quirks. This resource is inimitable because no one knows my tricks for achieving things. This resource is non-substitutable because I am the only one who has these characteristics.
2. I have connections from work that will help me succeed.
This resource is valuable because my boss started his own company from the bottom and would help me. This resource is rare because there are not a lot of business owners like my boss. This resource is inimitable because no one is like my boss. This resource is non-substitutable because although there are some owners out there like him, my boss is not substitutable.
3. Reusable products are pretty new and selling them with college logos on college campuses will target my audience perfectly.
This resource is valuable because college students are my target audience and selling on college campuses will help me to succeed. This resource is rare because there isn't a club on campus that does this. This resource can be copied only if someone steals my idea.
4. I have experience working at a start-up company.
I have the experience needed to start my own business. Anyone can get this knowledge, but who you get the knowledge from is rare. Everyone's way of doing something is unique so making sure you get the knowledge from the best, will be the most beneficial.
5. My family would help me financially.
My family supports my decisions and would help me with my business plan. My family is not substitutable and they are rare.
6. I have connections with the Human Resources director at my work who would help me.
The Human Resources director could help me with any questions I have whether about social media or supplies. She is in charge of a lot and has helped me in the past. She is valuable and no one is like her. She can't be copied or replaced because she knows so much about the company because she started there right when the company started and has worked ever since.
7. This business idea can attract not only college students, but older people as well.
College students can tell their friends and families and spread the word. This is valuable because it can increase business. Having college students spread the word is something that they would do out of compassion.
8. There is not a club on UF's campus that promotes reusable products and sells them.
This club that I created is different and has a lot of potential. There is not one like it already. It is valuable because I am trying to get more people to not use plastic to better our planet. It can be inimitable if someone thinks of my idea and it cannot be substitutable because it is my idea.
9. I have experience in sales.
I have expertise in sales from working at a company that has trained me to be the best. I am not substitutable, even though someone else can learn the same skills because I altered the pitch to see what works best for me. I am not inimitable because even though someone can copy what I do, everyone's personality is different and that's what gets the results.
10. I have a lot of family and friends who are helping me.
Not everyone gets help from their family and I am grateful to have. No one can substitute family and they can't be copied.
My top resource is my experience in sales. I have been the top sales manager at my job and that definitely separates me from a lot of people. I have trained and hired people and taught them how to be successful. This would help me in my business when I need to hire and train people.
2. I have connections from work that will help me succeed.
This resource is valuable because my boss started his own company from the bottom and would help me. This resource is rare because there are not a lot of business owners like my boss. This resource is inimitable because no one is like my boss. This resource is non-substitutable because although there are some owners out there like him, my boss is not substitutable.
3. Reusable products are pretty new and selling them with college logos on college campuses will target my audience perfectly.
This resource is valuable because college students are my target audience and selling on college campuses will help me to succeed. This resource is rare because there isn't a club on campus that does this. This resource can be copied only if someone steals my idea.
4. I have experience working at a start-up company.
I have the experience needed to start my own business. Anyone can get this knowledge, but who you get the knowledge from is rare. Everyone's way of doing something is unique so making sure you get the knowledge from the best, will be the most beneficial.
5. My family would help me financially.
My family supports my decisions and would help me with my business plan. My family is not substitutable and they are rare.
6. I have connections with the Human Resources director at my work who would help me.
The Human Resources director could help me with any questions I have whether about social media or supplies. She is in charge of a lot and has helped me in the past. She is valuable and no one is like her. She can't be copied or replaced because she knows so much about the company because she started there right when the company started and has worked ever since.
7. This business idea can attract not only college students, but older people as well.
College students can tell their friends and families and spread the word. This is valuable because it can increase business. Having college students spread the word is something that they would do out of compassion.
8. There is not a club on UF's campus that promotes reusable products and sells them.
This club that I created is different and has a lot of potential. There is not one like it already. It is valuable because I am trying to get more people to not use plastic to better our planet. It can be inimitable if someone thinks of my idea and it cannot be substitutable because it is my idea.
9. I have experience in sales.
I have expertise in sales from working at a company that has trained me to be the best. I am not substitutable, even though someone else can learn the same skills because I altered the pitch to see what works best for me. I am not inimitable because even though someone can copy what I do, everyone's personality is different and that's what gets the results.
10. I have a lot of family and friends who are helping me.
Not everyone gets help from their family and I am grateful to have. No one can substitute family and they can't be copied.
My top resource is my experience in sales. I have been the top sales manager at my job and that definitely separates me from a lot of people. I have trained and hired people and taught them how to be successful. This would help me in my business when I need to hire and train people.
Your list of resources is impressive! You have a lot of experience working in the business world, and that is sure to help you with your own venture. Having connections with other organizations that are similar to the one you want to start will also help you. Your top resource will definitely help you with your business idea, not only with hiring and training, but with selling reusable products to students. Great job!
ReplyDeleteAmazing list! It sounds like you have everything needed to start a business. When I read your list I knew that you would choose your experience in sales. It's a great asset to have as it helps you have an in-depth knowledge on how to make direct business with the outside world. I think that the fact that you have the financial means to start a business is a great asset too!
ReplyDeleteHi Monica,
ReplyDeleteYour list is very clear and easy to take everything in, especially with your bolded titles for each number. I can tell that you have a lot of great connections and a strong support system that will help you grow this business idea. Networking is definitely one of the most important things in business and I think its awesome that you have been able to recognize the important people around you that can guide you through this process.
I think that you created a great list of resources for your potential business. I really enjoyed reading about your hardworking mindset and unwillingness to quit. As we learned from the guest speaker this week, many entrepreneurs quit right before success. I disagree that the financial backing and support from your family is rare and not substitutable. Although they are unique, there are other investors who will back and company and help ensure its success because they are financially committed to it. Overall, I think that your experience in sales is going to be crucial. Having a sales background will ensure you utilize an effective marketing and sales campaign and drive the demand for your products.
ReplyDelete