1.
My Knowledge of the Subject (Human Capital)
V: My knowledge of the subject how to
prevent stolen guns is very valuable. Having a good knowledge about the subject
you are working in can bring a lot to the table.
R: It isn’t necessarily rare. The people
that I got the information from also know it.
I: Others can copy this, but it would take
a lot of time to have the same experiences that I have had. It is mostly inimitable.
N: There are not any resources that can
replace knowledge so this one is non-substitutable.
2.
Jack – Safe Guy (Social Capital)
V: Having Jack on my team is very valuable.
He brings a lot to the table.
R: There aren’t many people who know all of
the stuff that Jack does. He is a very rare resource since he has been in the
business for such a long time
I: It would be very difficult to copy the
knowledge that Jack has. He is inimitable.
N: Jack is non-substitutable. He can’t be
substituted by any other resources.
3.
My Personality
V: My personality is very valuable. If I
were to start this business, I would definitely create a good organizational
culture.
R: My personality is very rare. I am one of
a kind.
I: My personality is inimitable. You can’t
copy me.
N: There are no resources that can provide
the same benefits. Therefore, I am non-substitutable.
4.
Resources Here at UF
V: All of the resources that I have here at
UF are very valuable.
R: They’re also very rare. There aren’t
many places that have this many resource available.
I: If someone has enough financial
resources, they could copy it.
N: There are other resources that could
provide the same benefits. Money could buy what we have here.
5.
The wealthy people that I know
V: All of the wealthy people that I know
are very valuable. They also have a large circle of other wealthy friends.
R: Money is not rare.
I: Wealth can be copied fairly easily.
N: Money is pretty non-substitutable.
6.
My Hard work
V: The hard work that I would put into this
business is very valuable.
R: Hard work is somewhat rare. There are a
lot of lazy people in this world but there are also a lot of hard workers.
I: Hard work is pretty inimitable.
N: Hard work is somewhat non-substitutable.
7.
Location in Florida (Florida has the Most CCW
holders in the country by far)
V: Location in Florida is very valuable
R: There are a lot of people in Florida, so
it is not very rare
I: It is not inimitable because someone
could just move to Florida and compete
N: Location can be substitutable with good
shipping logistics
8.
Proficiency with tools
V: Having Proficiency with tools is very
important to be able to build something mechanical.
R: This is not rare. There are a lot of
handy people out there.
I: It is not inimitable because someone could
learn to become proficient with tools.
N: This is not non-substitutable because a
machine could do the same thing that I could.
9.
Barn (workspace)
V: I have a barn back home where I could start
running the business from. It is very valuable to already possess a workspace
and not have to pay extra for one.
R: This is somewhat rare. The average joe doesn’t
necessarily have all of the free space that I have.
I: You can copy open space if you have money.
N: There are no other resources that could
provide the same benefits as free space
10. Contacts
in Law Enforcement
V: I think all of the people that I know in
Law Enforcement is a very valuable. They know a lot about the subject and my
business is something that they could use.
R: This is somewhat rare. There are
obviously people who know more people in law enforcement than I do, but I know
more than a lot of people.
I: This is definitely inimitable. This is part
of my social capital, so it is very hard to copy
N: There are no other people who could substitute
the people in law enforcement.
My Top Resource: I believe that my top resource is actually the
last one that I thought of. It is all of the people that I know in Law Enforcement.
I believe that they could help me with this venture and spread the word about
it to all of their other friends in law enforcement. I think this is most
important resource because I believe that social capital is extremely important.
Word of mouth is extremely powerful.
