Your Venture's Unfair Advantage: Assignment 23

Resources:

1.     My leadership ability – this resource is inimitable because of my experiences working in restaurants since I was 17 has honed this skill. I’ve seen a variety of management skills and it has helped me understand how to talk to my fellow coworkers.

2.     My reliability – I’m always consistent. This is rare because sometimes people will be late or inconsistent. But I am always punctual and give 110%; you always know what to expect when you work with me.

3.     Social capital with local businesses – I have existing relationships with quite a few small business owners in south Florida. They’ve given me great insight on what it is like to start a small business.

4.     Familiar with mental health – my personal experience with mental health has allowed me to understand it in a very unique way. It gives me more passion to help others with similar problems.

5.     My personality – I have a good balance of work/fun. People have fun working with me because I know that when people are happier, they work better/harder/more efficiently.

6.     Personal connections with peers – I have friends in lots of different fields. This allows me to ask them questions and get a better understanding of how to start my business.

7.     My communication skills – I love working with people because I’m great at communicating. Being an entrepreneur requires coordination among many individuals and I believe that my communication skills give me an advantage.

8.     My computer capabilities – I’ve always loved using Excel. I believe in a business environment this skill is critical. I’m Lynda.com certified in Word and Excel. I’ve taken a number of classes that help better my Excel skills: like ISM3004 and CGS2531.

9.     Social capital among coworkers – I believe my reputation of being a hard worker has given me many advantages in the workplace. I was promoted to lead server because my bosses and the restaurant owners agreed that I was the best person for the job.

10.  My punctuality – I am always on time. I’d rather be an hour early than 5 minutes late. This quality is important because it shows that I am considerate for other people’s time. If I have an important meeting, I think it’s important to not make the other person wait.

 

Top Resource:

I believe that my top resource is my leadership ability. Having good leadership skills is vital for a business owner. I’ve worked at a number of restaurants and how my managers treated me was influential on my reason to work harder or stay at that job. Entrepreneurs have the chance to great a company culture and the type of business that they would want to work in. People can see when the owners and managers truly care about them and it makes all the difference.

Comments

  1. Sophia PinedaJuly 26, 2020 at 7:34 PM

    Hey Chaplin, I love all of these assets and think they will all be very helpful in making your business successful. I think that leadership is something that will help you alot. This is something that is essential to starting and maintaining your business in line. I think its great that you are punctual and reliable, as this will also help you meet new customers and connections. Thanks for sharing

    ReplyDelete
  2. Isabella P.GJuly 26, 2020 at 11:40 PM

    Hi Chaplin,
    these are all valuable assets to have. I believe leadership ability is essential for an entrepreneur to have. I found we had some similar assets such as social capital which can be key when starting a business. Thanks for sharing!

    ReplyDelete
  3. UnknownJuly 27, 2020 at 9:45 AM

    Hey Chaplin,

    Great job here. I really enjoyed reading the ideas that you came up with and though you described each element really well. I really appreciated how you touched on your punctuality. I think that is such an important element and characteristic to have for a successful business. Overall, great job. I really enjoyed seeing what you came up with for your business.
    -Morgan Mowery

    ReplyDelete
  4. Jonathan RodriguezJuly 27, 2020 at 11:10 AM

    Hey Chaplin,
    The resources that you listed are all powerful and can serve you many steps in your entrepreneurial career. Another thing that caught my attention was how you were able to talk a little bit about how these resources come together as 1 to help you move forward with your service. Great job!

    ReplyDelete
  5. Jackson GoreJuly 27, 2020 at 11:10 AM

    Hi Chaplin,
    All ten of your skills are crucial for entrepreneurs, especially for your future business venture. Your social capital both within and among organizations is extremely valuable for knowledge about your business as well as finding professionals to help get your business concept off the ground. Great work!

    ReplyDelete
  6. Jackson GoreJuly 27, 2020 at 11:10 AM

    Hi Chaplin,
    All ten of your skills are crucial for entrepreneurs, especially for your future business venture. Your social capital both within and among organizations is extremely valuable for knowledge about your business as well as finding professionals to help get your business concept off the ground. Great work!

    ReplyDelete

Post a Comment

Popular posts from this blog

Reading Reflection No. 3: Assignment 27

    The story of Phil Knight is one that truly inspires you to reach for your goals and dreams. What surprised me the most was the risk that he took going to Japan to meet with executives without a real backing to help him. This risk was high as they could have dismissed him, but he believed that he could stand up and pitch his idea to the executives of Tiger shoes. I admired the most the drive he possess to seek out his dream regardless of his classmates and parents opinions. It is very easy to take the words of a few people and drop your dream, but Phil Knight didn't do that.     What I least admire about Phil Knight is the fact that he proves me wrong. I keep waiting patiently for the "correct moment" to launch a business and seeing that isn't the way to do it makes me uncomfortable. Truly the lack of admiration in this factor is more of a jealousy, but I will use it moving forward to help me step out of my comfort zone. Facing the ad...
Read more

Figuring Out Buyer Behavior No. 2: Assignment 15

After doing my interviews, I discovered that for my opportunity that there needs to be a balance between price and quality. It needs to be a high-quality service with a reasonable price. The freshmen and sophomores that I talked to this time seemed to really value quality. Therapy isn’t a one size fits all; there are some methods that work for other people and aren’t quite as effective. The first guy I interviewed was a rising Sophomore who games a lot. He doesn’t go outside much so he prefers to order things online (via Amazon or the company’s website). The second girl found it uncomfortable talking to strangers, so I asked her how she went about problems with her computer. Does she take it into a store or does she call the computer company or does she use the online support chat? She said she would first either email or use the chat and then she’d take it into a store. The last guy that I interviewed was a freshman who works part-time at a restaurant. He said that he prefers to use c...
Read more

Your Exit Strategy: Assignment 28

1.)     Your exit strategy is paramount to your entire entrepreneurial endeavor. The U.S. Military works backwards with planning and timing so starting with your exit strategy and working backwards from it can be a great way to help guide your business to its ultimate goal. For me, my exit strategy is to ultimately sell the business for a large profit. I've read Peter Thiel's Zero to One  and in that book, he explains that the time to sell your project is when you are completely out of ideas to innovate. For me, that is my goal as well. 2.)     I believe that getting all of my ideas and innovation into my business is a great way for me to leave the project feeling complete. I can say I put every ounce of what I have into it. If I sell to early, I'll be wanting to put a bigger footprint into it. If I sell too late, I'll be wondering why I didn't sell it earlier. I feel when I am fully out of ideas, that is the time to pass ...
Read more