Assignment 23A

Your Venture's Unfair Advantage

1.) Passion: My undeniable passion for helping others drives not only my business venture but my life. I enjoy seeing the smiles on the faces of others and understanding that I am one of the biggest reasons for that smile.

• Valuable: This quality is one of the most valuable in a business venture, being passionate helps me relate to other people and accurately depict my vision. 
• Rare: This quality is not necessarily rare. However, finding someone with a genuine passion without any stipulations or hidden motives can be rare. 
• Inimitable: This quality can easily be imitated but my passion comes from the heart and this cannot be completely imitated by any other business. 
• Non- substitutable: This quality cannot be replaced or substituted by any other quality. If you don't have passion, then leaders cannot voice their ideas effectively.

2.) Leadership skills: I have been the team captain or co-captain of many class presentations throughout high school and college. I have therefore learned how to lead a team effectively.

• Valuable: This skill is vitally important in appealing  to the masses and advertising any idea of business oppurtunity. Without the support of consumers, a business cannot succeed. 
• Rare: This skill is not necessarily rare. However, the act of being a leader with strong beliefs and a unique way of presenting them is extremely rare.
• Inimitable: This skill can be easily be imitated but my genuine leadership skills and care for others cannot be imitated. 
• Non- substitutable: This skill cannot be substituted by another quality, leadership is necessary in every business. 

3.) Public speaking skills: I took a public speaking course my freshman year that has helped me develop the skills necessary to deliver a speech to an audience.

• Valuable: This skill is very valuable in the marketplace.Anyone can have a good idea, but a business owner must be able to present their ideas. 
• Rare: This skill is not necessarily rare. Delivering a speech is not only about presenting your ideas, a presenter must be able to relate their idea to their audience.
• Inimitable: This skill can be easily imitated. However, every presenter has their own innovative way of portraying their ideas. 
• Non- substitutable: This skill cannot be replaced by another. Being a successful and confident public speaker is vital to launching and maintaining a business. 

4.) Self-confidence: Since starting school at the University of Florida, I have developed an undeniable confidence in my ideas and achievements.

• Valuable: This quality is one of the most valuable in a business venture, being self-confident in my business would help me sell it to consumers. 
• Rare: This quality is not necessarily rare. However, it took me nineteen years to become completely comfortable and confident in myself and my thoughts, which is an accomplishment within itself. 
• Inimitable: This quality can be imitated by others, I think that every person should develop a deeply-rooted love for themselves before they develop a business idea that they wish to sell. 
• Non- substitutable: This quality cannot be replaced with another. If the business owner is not completely confident in the potential of their venture, then consumers will not see this potential either. 

5.) Internship experience: I interned for about twelve weeks with a local health and wellness company. I got an in-depth look into the inner workings of a business.

• Valuable: This experience is extremely important for resumes which can help individuals get future jobs and make connections.
• Rare: This experience is not necessarily rare. Many individuals obtain internships throughout college. However, the lessons that someone learns during their time as an intern vary based on the person. 
• Inimitable: This experience can be imitated by others, but as I said, the lessons learned vary from person to person.
• Non- substitutable: This experience cannot be replaced with another. Being in an environment that challenges students to think in different ways is important to developing a well-rounded portfolio. 

6.) Organizational expertise: Ever since I can remember, I have been extremely organized.

• Valuable: This quality is valuable because of the moving parts that exist within a business. Without some sort of organization, these parts cannot move in harmony and the business cannot succeed in its mission. 
• Rare: This quality is not necessarily rare. Many people are organized and keep calendars or planners of their schedules.
• Inimitable: This quality can be imitated by others but each person organizes the pieces of their life in different ways. 
• Non- substitutable: This quality cannot be replaced, every powerful business has some level of organization.

7.) Connections: I have talked to many different individuals with backgrounds in varying sectors of the wheelchair accommodation business market. As a result, I have made many connections. 

• Valuable: This experience is one of the most valuable in a business venture. I have made connections that could further help my business succeed down the line.  
• Rare: This experience is not necessarily rare. Many students have relationships with those already in the industry. My connections are unique to my potential business venture.  
• Inimitable: This experience can be imitated by others but the relationship that one person has with someone is always different than someone else's relationship with the same person.
• Non- substitutable: This experience cannot be replaced, these relationships help business owners connect with other people. Often, it's not about what you know, but who you know.

8.) First-hand experience: My boyfriend's sister is paralyzed from the waist down and requires a wheelchair to assist with mobility. She is a great resource to run ideas by for the development of my product.

• Valuable: This experience is extremely crucial to the development of a wheelchair ramp that can actually assist those in the wheelchair community. 
• Rare: This experience is rare. Many business owners brainstorm ideas for their business ventures with no background knowledge or buyer contact.
• Inimitable: This experience can be imitated, but much like connections made throughout the industry, many first-hand experiences are unique to the people involved.
• Non- substitutable: This experience cannot be replaced by another, the person that helps you come up with different ways to solve a particular problem is crucial to a business.

9.) Fundraising Experience: I am a fundraiser for Dance Marathon at UF which is an organization that benefits sick children in the Gainesville area.

• Valuable: This experience is very valuable and would be useful when I would need to generate money to launch my business venture.
• Rare: This experience is not very rare. Many students have fundraising experience through different organizations. I have developed tips that are rare in comparison to others.
• Inimitable: This experience can be imitated by others but my fundraising tips and tricks are different than that of other students. 
• Non- substitutable: This experience cannot be replaced, the act of raising funds to benefit an organization is one that helps build character. 

10.) Lack of competitiors: There are no leading brands that have developed a wheelchair ramp that is structured like a conveyor belt and can be hidden underneath carpet or tile.

• Valuable: This quality is very valuable. Without a large amount of competition, my product could flourish.
• Rare: This quality is rare. In many businesses, there is a wealth of competitors that act as barriers for start-up businesses.
• Inimitable: This quality can be imitated by others, but a lack of viable competitors is rare.
• Non- substitutable: This quality cannot be replaced by another, having no competition is the dream for many businesses. 

After completing this assignment, I decided that passion is the most important resource of my business. Without passion, there is no vision. While other companies can develop a similar product, I will always win with my passion for helping others and my drive to make this world a better place.