Friday, November 8, 2019

Assignment 23 Your Venture's unfair advatage

Gym contacts: I know many people who work at the gym and I can get fitness plans for my clients without paying for them.

  • Valuable: this is valuable because having a fitness plan is essential when talking about losing weight
  • Rare: this isn't rare, I a lot of people know people who work in a gym
  • Inimitable: this can be imitated.
  • Non-substitutable: I could hire someone but that would cost me more than just talking to my resources

Meal prepping experience: I have experience with meal prepping and eating healthy so it will be easy to put together meals for clients

  • Valuable: this is extremely valuable because it's a big part of the app
  • Rare: it's not rare for people to know how to do it, but it's easier said than done
  • Inimitable: this can be imitated
  • Non-substituable: I could also hire someone to do this job as well but they might not do it as well, and it would save me money


Social capital: I can contact my clients and get to know them on a personal level not just them as people buying my product.

  • Valuable: this is extremely valuable because clients are happier when the have a relationship with the person who is helping them lose weight
  • Rare: Now a days it's rare to have a relationship with anyone in an organization like that
  • Non-substituable: Nothing substitutes this


Uniqueness within the company: I have experience with coming up with unique ideas for different events

  • Valuable: This is extremely valuable because the more the unique the idea is the better
  • Rare: This is rare now a days
  • Inimitable: This can be imitated
  • Non-substituable: This can be substituted by someone with a creative personality


Public speaking experience: I have spoken in front of many crowds

  • Valuable: This is valuable because many people don't like speaking to people
  • Rare: This isn't very rare
  • Inimitable: This can't be imitated
  • Non-substituable: I can find someone who likes to speak to people as much as I do, it would cost me money and I'd have to find someone I would like


Personal relationships with people in the health field: I know people who inspire people to lose weight on social media

  • Valuable: This is valuable because I can reach people on social media
  • Rare: This is rare, you have to know people who inspire people to be healthy
  • Inimitable: This can be copied
  • Non-substituable: This can't be substituted


Support of organizations: there's many organizations that support the cause of eating healthier especially the local schools

  • Valuable: This is very valuable because parents would give anything to get their kids to eat healthier
  • Rare: This isn't very rare anymore
  • Inimitable: this can be imitated
  • Non-substituable: Anybody can go to the local schools and try to get them healthier meal plans


Financial capital: I have money in my savings already to start a business I just have to put the ideas on paper

  • Valuable: this is valuable because I have enough money to start up without taking out any loans
  • Rare: This is rare now a days
  • Inimitable: This can be imitated if people who wanted to start a business starting saving their money
  • Non-substituable: I could substitute it by getting a loan but it wouldn't make sense to do that


Social capital: My uncle works on apps and he could help me start up mine

  • Valuable: This is extremely valuable because it's going to cost me less to start up my business
  • Rare: This is extremely rare
  • Inimitable: This can be imitated by anyone who can make apps
  • Non-substituable: This can be substituted by another person or computer who can make apps


Connections: I have many connections throughout the United States

  • Valuable: this is extremely valuable because once I launch my app and post it on Facebook I will have people from all over the country who will be able to know about it
  • Valuable: This is extremely valuable because it will get the word out about my business
  • Rare: This is rare
  • Inimitable: You can imitate it with any social media
  • Non-substituable: This can't be substituted


3 comments:

  1. Hello Jaycie,
    One thing I noticed off the bat was your honesty. I appreciate this because while doing my assignment it was a little difficult for me to look at my advantages in the best light as I tried to explain why or why not someone could copy my advantage. I enjoyed reading your post and how you worded some of your advantages. For example instead of saying you are an excellent communicator or creative you used sentences like “I can contact my clients and get to know them on a personal level” and “Uniqueness within the company.”

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  2. Hello Jaycie,
    It seems like your relationship with your potential customer market is a big advantage. I think knowing your customers you can discover new ideas and innovative ways to improve the service and product your app provides. Having a good relationship with customers will allow you to gain feedback and alter your app to improve your app. Overall, it seems like your advantages will help you start a successful business.

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  3. Hi Jaycie,

    Having experience meal prepping is valueable because it can put you into others shoes who are also meal prepping and allow you to understand what the process involves. Having meal prepped a little myself, I understand how much work it actually is to decide what to make, buy groceries and cook it all. This would definetly be a valueable attribute to have!

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