Venture’s Unfair Advantage

Resources in my venture:

1. Human capital: We went over the team I put together in a previous assignment, from coding to promoting, at least at the beginning stages.
V: These folks aren’t sharks and aren’t there with a plan B to steal from us. They genuinely want to help and take part in this, they mean the most to me as the frontline creators of my vision.
R: Their skills aren’t rare but their allocation and closeness to me is. We have a trusting foundation which in it of itself is rare.
I: Many other businesses have had great teams, formulated the same way as mine, anybody else can get have a good team too.
N: Well, we must keep in mind that nobody is perfect, and we can hope for the best but better be prepared for the worst. Yes, they are substitutable, every single one of them. The only none substitutable one is me, at least for now.

2. Financial capital/my savings: I have the funds, the liquid assets, above the average that a realistic entrepreneur starts with. I also have what’s considered “excellent” credit and multiple sources of income, nothing big but enough to self-sustain and the ability to borrow more when necessary.
V: It helps to have these kind of assets, it gives you some power and less debt.
R: I don’t think it is rare, in fact many other folks have 100 times more.
I: Anybody with the right mindset, circumstance and discipline can put some money away. Even better, some can even get a “small loan of a million dollars.”
N: I can substitute it, with different assets like the collateral of a house, or selling it a fancy car. What is non-substitutable is the ability of doing more with less and using what I have vs. what I wish I had.

3. My experience with these types of apps and its environment: I have used dating apps before, and I have gone out and “met new people” at bars or social environments. My perspective of what the consumer would want as a consumer myself helps me as a creator, in a way I would be fixing my own problem.
V: I know from experience.
R: My idea doesn’t exist yet, but others have the same experience as me.
I: With a little entrepreneurial ability and more power, my innovation can be developed into something bigger and better, depending on the impact it has in the industry. So far nobody can imitate it, but it can be.
N: You can’t substitute it, my vison isn’t out there and when it is, we’ll be prepared to compete.

4. Our school UF: This University offers a incredible amount of resources, more than I can count.
V: As a Gator, our campus and college literally opens doors for you.
R: In my experience, my last community college didn’t offer any of these events, which are so helpful.
I: The interpersonal connections and experiences would be very difficult to imitate.
N: Anybody can take advantage of our resources, if they want too.

5. Our professor: This experience and watching his videos, going to class. I feel like I can approach him and get lots of positive or negative either way productive feedback on anything related to entrepreneurship.
V: I wouldn’t have put this vison down on paper if it wasn’t for our class, this is one of the most valuable reasons I have.
R: There’s only one of him, but there’s 600+ students taking advantage of him and could possibly be my direct competitors.
I: No way.
N: No.

6. This Blog: I had never used a blog before, at first it was kind of freighting, now I enjoy it and is a tool/ layout I will use for any business idea going forward.
V: this blog and the feedback form my classmates have been great and will help me tremendously going forward.
R: In relationship to me yes, very rare, but not as a class, all of us have a blog. Only a few my use it after this semester though.
I: Absolutely, but you can’t recreate the experience and feedback.
N: I don’t think so.

7. My Vison: All this content I’ve been writing down.
V: Absolutely, I need to know exactly what I want and how I want it.
R: I believe so.
I: No, not yet.
N: I certainly don’t want it to be, but of course it is. There’s always an alternative to my opportunity belief, even if the substitution is not using anything.

8. The Internet: These days you can google just about everything and get solid pointers on anything, and free of cost.
V: Tremendous value if you know what to listen too.
R: Yes, but only for folks in countries like Cuba, North Korea and under developed nations without internet.
I: Yes.
N: No, if I don’t have access to the internet I can still walk to the library.

9. My Interviews: Solid current data from the people of today, here and now, in this reality.
V: Extremely valuable to my dating app.
R: No, I could have interviewed more.
I: No, you can’t duplicate the circumstances or these times.
N: I don’t think so, there’s many of college town and cities with potential interviewees.

10. The great United States of America: I think, though not perfect we have the best economy in the world and ability to grow whatever we set out minds too, with freedom ability and capabilities.
V: It’s a privilege, and a blessing to be able to make this happen do to our nation’s individual freedom.
R: Maybe I can do this in China? Or Canada? Definitely won’t be able too in Afghanistan.
I: You can’t replace Uncle Sam.
N: Putin is trying, but we the people are non-substitutable.

I think my vision is the best resource, I need to see what I want and how I want it, adjust and make it how it can work. I need to use properly utilize and allocate all the resources listed above. Whether it’s for this venture or the next, having the ability of finding a problem and a solutions is the most important in my opinion.