Assignment 23A: Your Venture’s Unfair Advantage

Resource #1: I know a lot of college students, plus I am one.

V: College students will likely better listen to someone who has been in their shoes, or is currently in that situation, concerning food prices.

R: I don't think its rare to be a college student

I: I also don't think it is hard to become a college student, and there are many pathways to do so.

N: I don't think it is substitutable because that sense of trust and understanding can really help you build a relationship with your target market.

Resource #2: I have a good idea of understanding who people are by meeting them by meeting them.

V: I can better relate to someone once I know who they are and how they generally operate.

R: I don't think it is that common to be this aware of personality types and traits.

I: I think this is harder to imitate because it can't be learned.

N: I don't think you can substitute anything for it because it is a really good relational tool.

Resource #3: I love pasta

V: It is valuable because I feel like I really know what I am selling

R: It is not that rare. A lot of people like pasta but maybe less eat it as frequently as I do.

I: It is pretty easy to imitate

N:  You could just not like pasta but devote your time and money into making a pasta restaurant

Resource #4: I know how to cook pasta

V: That is an important first start to having a pasta restaurant

R: Pasta is not hard to make

I: Anyone can learn to cook pasta

N: You could hire other people to make the pasta

Resource #5: I have connections for maintenance work

V: I think that it is very important to think about the logistics and maintenance of the venture so having these low-cost resources is very beneficial

R: I think that it is rare that someone would have as many contacts as I do

I: I don't think it would be hard to make some connections to have later

N: You can just hire workers when problems arise

Resource #6:  I am highly observant

V: Less will go unnoticed and there will be more attention to detail

R: I think a lot of people are at least a certain level of observant

I: People can train themselves to notice more out of their daily routine

N: I think this would be hard to substitute for because either you catch things or you don't

Resource #7: I am able to be adaptable

V: There is a lot that changes daily when opening and running a venture

R: I think that a lot of people are adaptable

I: I think that you can learn to be adaptable but it is harder to do if you don't naturally accept change to come degree

N: I think you can remain rigid and inflexible but it will reflect in your organizational culture and ultimately throughout your venture

Resource #8: I am able to be calm under pressure

V: I think there are a lot of high-stress, high-pressure situations that can arise and I think it is better to be able to keep calm while working through them

R: I think there are a lot less people that keep calm under pressure than there should be

I: I think that this would be hard to learn if you don't already have it, but easy to copy if you do

N: People can remain frantic under pressure but this usually leads to worse off results in the situation.

Resource #9: The organizational culture will be friendly and hospitable

V: It helps people want to come to your establishment and invite their friends and family.

R: There are lots of firms that create a hospitable environment. It's really about the way they go about it

I: I think it is can be challenging to find the people will be hospitable in almost any circumstance.

N: I don't really think you can have an effective business by being mean to customers

Resource #10: I think that I have an inviting sense of humor

V: I think this a great relational tool to bring others in

R: I think that it is fairly rare

I: I think you can learn to be funny (comedians) but having it spark up constantly through daily life would be challenging

N:There is no real need for it but I think it is an added bonus. so I think can substitute it with the lack of this trait.

I think the most important thing on this list is being adaptable. There really is no way to know what you will encounter by opening and running your venture. I think it is best to be open to change and able to pivot and work with the change.