1.
My personal experience managing a production
line of over 150 people.
a.
Valuable?
This provides a lot of value because I already have experience divvying
out responsibilities, creating effective teams and figuring out how to best use
the employees to complete tasks on, or ahead, of time. Also, I know how to do
this with a few employees, or over a hundred employees.
b.
Rare? While not rare per se, I would not say it
is overly common either.
c.
Inimitable?
Of course someone with similar experiences could do the same things I
can with this experience and knowledge; it is a matter of if they could do it
as well.
d.
Non-substitutable? I would say the ability to
effectively grow and manage employees is non-substitutable.
2. Being two minorities coming together to create a
business.
a.
Valuable? This is valuable in the form of
specialized grants and loans specifically for minority groups.
b.
Rare? While women entrepreneurs are not as rare
as they once were, my partner is African-American and male; they are much rarer
as far as being entrepreneurs.
c.
Inimitable? Not terribly hard to be copied, but
not easy either just based upon statistics.
d.
Non-substitutable? Of course there are many other
ways to receive funding without being a minority.
3. Having a connection with several businessmen and women
between Pensacola, FL and Atlanta, GA who have expressed interest in a clothing
line like what we are wanting to start.
a.
Valuable? It is always valuable to have input
from those who make up ones customer base. It also gives us instant customers
when the time comes.
b.
Rare? I doubt this is rare; most people who come
up with a business opportunity and pursue it probably have those in their life
willing to purchase the items.
c.
Inimitable?
While it may not be the same connections, we all ae connected in some
way so I would say it is copy-able.
d.
Non-Substitutable? I would say that this group
cannot be substituted since they both help to motivate and mold ideas.
4. My education. (Currently have an A.A. and am working on
B.A.).
a.
Valuable? Education is always valuable!
b.
Rare? No.
c.
Inimitable? Many people have the same
credentials.
d.
Non-Substitutable? Experience can substitute for
a degree.
5. Customizability.
a.
Valuable? In today’s society, the ability to
customize is very important.
b.
Rare? In clothing, yes.
c.
Inimitable? Other companies could do the same
thing.
d.
Non-Substitutable? Yes.
6. Short runs, ensuring a certain amount of rarity in the
clothing.
a.
Valuable? Yes, since this increase the value of
the clothing line.
b.
Rare? Somewhat. Other clothing lines do this,
but it is not a norm.
c.
Inimitable? It is copyable.
d.
Non-Substitutable? Yes.
7. My partner and I both are very driven.
a.
Valuable? Yes, since success often hinges on a
persons drive.
b.
Rare? No.
c.
Inimitable? Of course.
d.
Non-Substitutable? Yes.
8. Support of close
family and friends.
a.
Valuable? Incredibly so. These are the people
who can keep one going when they feel they cannot go on. Support and
encouragement is completely invaluable. Not to mention, they may be willing to
help finance our idea should it ever come to fruition.
b.
Rare? I hope not.
c.
Inimitable? I would assume most successful
people have this kind of support, so it therefore can be copied.
d.
Non-Substitutable? Yes!
9. My partner’s artistic abilities- from photography to
painting to drawing he is amazing!
a.
Valuable? Incredibly so. This makes us unique.
Even if another artist contributed to another line of clothing, they would not
be him and bring his unique ideas and art to the table.
b.
Rare? Somewhat. Not everyone has artistic
ability (like me, I can barely pull off a stick figure!)
c.
Inimitable? No. His work would be protected
under copyright law, making it unique.
d.
Non-Substitutable? No doubt!
10. My partner’s education in graphic design.
a.
Valuable? Yes! He can create unique logos and
designs right on the computer as a result. This opens us up to a lot of
possibilities.
b.
Rare? No.
c.
Inimitable? No.
d.
Non-Substitutable? No doubt!
Our most valuable resource is my partner’s artistic
abilities. Because we are entering a market that is so saturated, it is what
will set us apart from others. It is the very core of what makes us unique and
special.
