Friday, April 5, 2019

23A - Your Venture's Unfair Advantage

1. Excel skills
V - Allows for technological prowess
R - Can be pretty common actually
I - Can be imitated easily
N - Yes, other resources can be in place of this

2. Communication skills
V - Allows for relationship building
R - Can be pretty prevalent
I - Can be imitated
N - Can be learned by anyone

3. A valid driver's license
4. Microsoft office skills
V - Allows for transportation
R - Is very common
I - Can be imitated is you pass a driving test
N - No other equivalency to a valid license that lets you drive

5. Data Analytics
V - Allows for technological abilities
R - Can be pretty common actually
I - Can be imitated easily due to schooling
N - Yes, other resources can be in place of this

6. Public Speaking
V - Allows for critical relationship building
R - Can be pretty prevalent in college
I - Can be imitated with practice
N - Can be learned by anyone thankfully

7. Investment money
V - Allows for a business to get off the ground
R - Can be hard to come by
I - Can't be legally imitated, only earned or gifted
N - Non-substitutable

8. Community reach
V - Allows for some levels of relationship building
R - Decently common due to community service
I - Can be imitated by most
N - Can be learned by all people

9. Organizational skills
V - Allows for effective relationship building
R - Can be pretty prevalent due to schooling
I - Can be imitated easily by most people
N - Can be learned by any one with the right effort

10. Social Media
V - Allows for relationship building
R - Can be pretty prevalent
I - Can be imitated by anyone with internet access
N - Can be learned by anyone

The top resource is Communication skills because it is the backbone for everything else to be able to be applied effectively in a business sense. Without proper communication skills, no critical business exploits can get off the ground or be executed. Hence, they are at the core of the entrepreneurial experience.

1 comment:

  1. Patrick,

    I agree that communication skills is a top resource! Communication is key to almost everything, as there would be no way to get a message across to other individuals if the communication is lackluster and unclear. I mentioned customer service to be my number one resource for a similar reason--communication.

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