Assignment 23: Your Venture's Unfair Advantage

1. I am passionate about the topic I have chosen for my business idea

• V: I think it is incredible valuable, because passion is what keeps us going with a project.
•  R: I think it is rare among people, but not among entrepreneurs. 
•  I: It is different for each, but everyone can be passionate. So I will say that it is inimitable.
• N: This not substitutable. You cant pretend to be passionate about something and it will effect how you do something.

2. I know what I can can accomplish with these plants and how I can make them into products.

• V: This is valuable as it gives the idea a foundation.
• R: I don't think this knowledge is rare, because if you look into things made with plants you can find this out.
• I: This knowledge is indeed inimitable, as I have learned it form others.
• N: No, besides someone else who knows this.

3. I am not afraid to ask for help if I need it.

• V: Yes, this gives me the ability to get help when I need it.
• R: No.
• I: I know that others have this ability, so I will say that it maybe difficult.
• N: You can have others do it for you, but you have to hire them or ask them too.

4. I am determined.

• V: Yes, this gives me a stubbornness that will keep me at it even when things aren't good.
• R: No.
• I: It would be difficult.
• N: Not really

5. We have made prototypes.

• V: Yes, this lets me that our products are accurately possible.
• R: Not really, it is part of the process and anyone can make a prototype.
• I: Yes.
• N: Yes, because of the information that our prototype provided.

6. The company mixes old idea with new ideas.

• V: Yes, because we are doing new things, but keeping old and familiar ideas.
• R: No, most companies are doing this now.
• I: Yes. Most of our mixing is done in the business setup.
• N: Maybe, but I do not personally know of one.

7. I like to learn.

• V: Yes, this will allow me to want to try new things and keep up to date with information.
• R: Many people like to learn, so not really.
• I: I don't know how to really answer if it is inimitable.
• N: I think so, because the only real substitution is learning about something else.  

8. I am hard working.

• V: Yes, it mean that I put my all into things.
• R: No, many people are hard working.
• I: I don't know how to answer if it is inimitable.
• N: I think so, because nothing can really substitute it in my mind.

9. I am a problem solver.

• V: Yes, it means I will be willing to work through road blocks.
• R: No, others are able to solve problems.
• I: I don't know how to answer this.
• N: I think so.

10. I have a group that is willing work on this with me.

• V: Yes, because more minds are better than one. And you have people who are willing to help.
• R: No, other companies start out as teams.
• I: Yes, but I don't think that our individuals can be imitated. 
• N: I do not think that there are any substitutes for having a team. 

I think that I have a few really good human capital resources, but personally I view passion as being the best. Without this type of drive many things fail.