1. Two in One Pen Idea/Product
- This resource is the idea and product for my venture. It is a two in one pen that functions as a stylus for touch screen devices. I believe this product is valuable and rare. I have not heard of anyone who uses this. This product could be easily repeatable though.
2. Money
- This resource is very valuable to my venture. It will be what gets my idea started. It is inimitable in a way but still hard to acquire.
3. Passion
-This resource is a driving component of my venture. I want all my employees and brand to be filled with passion about my product and our customers. This is a valuable resource to have if done right. It is common to have passion but I want to take it to another level which is hard to replicate by others.
4. Access to a target market
-I myself and part of my target market which is a huge advantage. People I know are interested and would use my product. This is valuable, rare and difficult to imitate.
5. Knowledge in IT and technology.
-Knowing how to use technology efficiently and problem solve with tech is a huge advantage my venture has. I have knowledge to build my own computers and such which is a rare and valuable skill.
6.Time
-Time is very important resource which I have. I am young and have no rush. While this is valuable it is also inimitable. Being a young college student I have time to work and perfect my job.
7. Entrepreneurship experience
- This very valuable to resource will help us stay ahead of the competition and seek new opportunities to explore. This is rare and hard to replicate.
8. Culture
- An important part of my venture will be creating and fostering a unique work environment.This is something hard to replicate and is very valuable in being successful.
9. Vehicle
-This resource is important for traveling and making meetings. It is valuable but note rare. Many people have cars.
10. My most important resource would be my money. Without nay money it would be impossible to make any of the other things possible. Having a great idea is only so helpful when you don't have the funds to make it happen.
Hey Ashton,
ReplyDeleteI'm glad you were able to reflect on the resources that you have available at the moment in order to start out your venture. It is important to always try to accumulate more resources so that you can be very successful. Hope you are staying safe and everything is going well.
Hi Ashton,
ReplyDeleteI think you did a very good job with this assignment. I especially liked your idea of the two in one pen. Having a stylist for your phone and a pen in one device is very cool. Great job!
Hello Ashton,
ReplyDeleteI think passion is an incredible resource to have. Being passionate about your product will drive a myriad of important factors, and simply results in a better final product. I also think that access to a target market is vastly important, so great job identifying that. I’m in a similar situation with my product, so I can definitely see the value in having access to a target market.
Excellent job!
-Nolan