1. Determination
- Valuable - I believe the people that succed the most are the ones that have a strong drive to make there product great!
- Rare - Not many people have the drive of wanting something so much to go out there and get it.
- Inimitable - Determination is something that is something that is something that cannot be repeated in another person or product.
- Non-Substitutable - Determination is unique to one person the way one person may be determines may not always be the same way as another persons determination.
2. Clientele
- Valuable- Without the right clientele the product will never be worth as much.
- Rare - My clientele is rare because they will spend the money on a product that does a job that gives them more time out on the water.
- Inimitable - This clientele is unique people who love to fish and be on the water are comppletely different people and cannot be repeated by anyone else.
- Non-Subsititutable- You cannot switch out my clientele for any other clientele because they would not find the product as valuable.
3. Customer-service
- Valuable- having great customer service means that my customers will be more inclined to buy my product.
- Rare- Not many people have great customer service especially when it comes to marine instruments.
- Inimitable- You cannot copy or substituye great customer service.
- Non-substitutable- You cannot substitute having great customer service people find it more enjoyable to buy someone they get along with and trusts products.
4. I have many experts that are friends to help me
- Valuable- These experts know what to do to enhance and better sell my product
- Rare- not many people have the friends that can help them just by giving them tips because they are the tupe of customer I would be selling to.
- Inimitable- You really cannot find experts like this first hand experts that know what to do to help better your product.
- Non-substitutable- It is impossible to replace the experts I have for my product.
5. I have knowledge of my product
- Valuable- this is valuable because people who do not have knowledge of there product usually do not know how to make it better or sell it better.
- Rare- many people just let other people deal with there product and they just come up with the idea but I will know how its built and how to use it and how to fix it.
- Inimitable- You cannot copy intelligence of one certain product unless you know it inside and out.
- Non- Substitutable- you cannot interchange knowledge of one product to another.
6. Stamina
- Valuable- If at first you fail try and try again. I will be motivated to work as hard as I have to to make the product the best and most wanted product of its tupe.
- Rare- Many people give up after seeing they are not doing well.
- Inimitable- If you do not have satina you cannot just get it out of no where.
- Non- subsitutable- if you do not have stamina it cannot be replaced with just anything.
7. I am super kind
- Valuable-Some people may not thinking being kind in a business is a good thing but I think just the opposite I feel if people see kindness and that you care they will spend the money for your product.
- Rare- Not many people in business think kindness is a plus but they do not realize how much of an influence it is.
- Inimitable- You cannot replace or copy kindness.
- Non-subsitutable- Kindness is something that you cannot substitute.
8. I have personal knowledge about my product and what it would be used for.
- Valuable- Having knowledge about your product is very helpful you know what to add and what to change about it to make it better.
- Rare- Not many people know personally how to make there product better I go fishing and diving a lot so I know what people want and do not want with my product.
- Inimitable- People will not have the same knowledge of your product as you do.
- Non-subsitutable- as I stated earlier people will not have the same knowledge of your own product as yourself.
9. My product could help make fishermans days easier and make them more money
- Valuable- For a fisherman the extra 30min to an hour it takes to dock the boat means alto they can catch a lot more fish and make a lot more money.
- Rare- Not many people know what this means for fisherman but since I know a lot personally and fish a lot my self I know about it.
- Inimitable- Knowing how it can help fisherman is something that cannot be known by everybody.
- Non-substitutable- Having this knowledge cannot be substituted by anything thats not specific.
10. Although my product main customers will be fisherman people who are on the water a lot that are not fisherman could find a use for this as well.
- Valuable- This is valuable because I will have my stable customers who are fisherman and then I will also get a variety of customers who would also enjoy my product.
- Rare- To have a loyal group of customers is great but to have both local and a variety helps my business a lot.
- Inimitable- You cannot substitute these customers with any other customers.
- Non- Substitutable- As I stated earlier you cannot substitute these customers with any other customers.
I believe that most valuable resource is my stamina. I feel like when most people get knocked down they are always to scared to get back up but I am not afraid and I will get back up. I not only will get back up but will try harder and I feel if you keep trying you have to succeed.
Gabriella,
ReplyDeleteI think all of your resources are really good ones! I really liked how you used your personal strengths as a resource and I think they are! I can tell that you have very knowledgable on this and know people that could help you which is awesome. I agree that stamina is your strongest resource, I would have never thought of that myself which really shows how special it is. Great post!
I believe you hit the nail on the head with respects to customer service. We live in a world where you must endure a conversation with a machine for minutes in order to solve anything more than the most basic problem. Having excellent customer service is absolutely vital, yet one you do not see all that often. Having personal connections with people that can be useful to you is a tremendous resource as well.
ReplyDeleteGabriella,
ReplyDeleteYou seem to have a good grasp on your product and how to create it in a way that will most benefit your customer. I can appreciate that you chose your stamina as your most important asset, because it is a trait invaluable to entrepreneurship. If you get rejected by a supplier, distributor, or backer, you must be able to keeping pressing on and know that if there is a will, there is a way.