My Unfair Advantage

My Resources: 

1. Open-Mindedness  -  Human Capital

2. Connections to family businesses  -  Social Capital

3. Engineering Knowledge  -  Human Capital

4. Plant Knowledge  -  Human Capital

5. Persistence  -  Human Capital

6. Leadership Skills  -  Human Capital

7. Nurtured/Planted several gardens  -  Human Capital

8. Appreciation of Beauty and Merit  -  Human Capital

9. Prudence  -  Human Capital

10. Ability to regulate time  -  Human Capital



VRIN

1. Open-Mindedness

Valuable?- Open to new ideas to help/fix/change my idea
Rare?- Not a lot of people willingly accept negative criticism
Inimitable?- Hard to copy as it is hard to change a personality trait
Non-Substitutable?-  I can be replaced

2. Connections to family business

Valuable?- I can ask about what I should do, where I should do it, and how I should do it
Rare?- Not all families have family business that they built up or run themselves
Inimitable?- I mean, sure, a family can create a business but it'll take time
Non-Substitutable?-  I could go to friend's families connections, I guess

3. Engineering Knowledge

Valuable?- I know how to build my idea and where to go with it for effectiveness
Rare?- I've had personal experience in building robots and vehicles. Rare to have early on
Inimitable?- Sure but it will take time and perseverance
Non-Substitutable?- Replacing me with someone else with this knowledge

4. Plant Knowledge

Valuable?- I know how specific plants work so I know what to use and how to use it
Rare?- I guess so? Not a lot of people care about plants enough to learn about them
Inimitable?- Not hard to copy. All you really need is google
Non-Substitutable?- Replacing me with someone else with this knowledge

5. Persistence

Valuable?- I'll continue to work on something no matter what is thrown at me. Usually
Rare?- A lot of people will stop something if one little thing goes wrong
Inimitable?- You'll need to make a habit of continuing your work without stopping
Non-Substitutable?- Being replaced

6. Leadership Skills

Valuable?- I'll know when to research and how to lead my project along
Rare?- It is rare to not be a sheep and lead yourself, yes
Inimitable?- It is easy to fake but hard to make a reality
Non-Substitutable?- There are more skilled, more confident leaders, yes

7. Nurtured/Planted several gardens

Valuable?- I have hands on experience to tending to plants and keeping them alive
Rare?- A green thumb can have it's rarity as a lot of people will forget to water, change soil, or plant it in the worst area for the type of plant
Inimitable?- Easily able to be copied but it'll take some sweat
Non-Substitutable?- Reading a google "How to do <insert something here>"  question

8. Appreciation of Beauty of Merit

Valuable?- I'll know when to recognize the good qualities of my venture and when to use in it
Rare?- It's pretty rare as people don't tend to just appreciate something but use it or effectiveness without realizing why it's special
Inimitable?- Easily to feel like your appreciating something but few now what appreciating something actually means to feel or recognize
Non-Substitutable?- Appreciation can vary between people so I am unique in this

9. Prudence

Valuable?- Cautiousness will prevent me from buying, using, or doing something just because it sounds or looks good so I'l be able to research to find it it's really the right fit for me
Rare?- It's rare because a lot of people don't second guess themselves and deal with the consequences later thinking it's no big deal
Inimitable?- Easily copyable
Non-Substitutable?- Instead of being personally prudent I could have something tell me when what I am doing or thinking of doing or what has already been done is ill-advised

10. Ability to regulate time

Valuable?- I'll be able to finish on or before my scheduled time to give customers what they would want at a reasonable time so they will come back
Rare?- Procrastination is a harsh habit to a lot of people
Inimitable?- Hard habit to get used to
Non-Substitutable?- Calendar. People are hired to regulate time for them


Top Resource:

     My experience in engineering is my most valuable resource. If I did not have this experience then creating my idea would be much harder and probably more expensive. With my experience I'll will actually be able to build the structure for my plant/phone product. It beats the others because my idea can go on easier with my engineering knowledge than the disappearance of my appreciation of beauty and merit.