My Venture's Unfair Advantage
1. I already have a working relationship with both a heavy equipment dealer and a trailer manufacturer.
V- This is extremely valuable because it will allow me to get this equipment at the best price and receive the best service possible
R- This relationship is not exactly rare but the quality of relationship that i have with these dealers is rare
I- The relationship that i have with these dealers is practically impossible to imitate, because the dealer is my uncle.
N- These relationships are not substitutable
2. I already own the trucks that would be required to haul the equipment.
V- These trucks are extremely valuable to the business because without them the equipment and workers could never get to these job sites
R- These trucks are not rare in any way, drive down any road and you'll see one just like them
I- These trucks are very imitable.
N- These trucks could easily be substituted with any heavy duty pick up truck on the road.
3. I have great connections into the early construction industry
V- These connections are extremely valuable because they will help me to secure contracts and land jobs that i wouldn't be able to get on my own.
R- These connections are not particularly rare, almost everyone in the construction industry has connections that help them secure jobs.
I- These connections are easily imitable
N- These connections could be substituted with other connections as well as heavy advertisement
4. I have a crew of friends that would be willing to come work for me
V- These friends are valuable because without them the work could not be done
R- These friends are rare because it is hard to come by a group of guys that i can trust will get the job done to my standards and on time
I- These friends are not very easily imitable because as previously stated, the relationship built between me and these guys is a large portion of why the work would be so quality
N- These friends are difficult to be substituted but it could be done, it would just take a lot of hiring and firing of inferior workers.
5. I have the drive and dedication to make this business work
V- This is very valuable because this industry can be a lot of work and hard times but will almost always pay off with hard work
R- It is rare to find someone that is as hardworking and dedicated as i am (that sounds like bragging but oh well)
I- It is very hard to imitate hard work unless you actually are working hard
N- There is no replacement for hard work, none.
6. I have the financial backing and credit required to purchase the equipment.
V- Having financial backing and good credit is extremely valuable in acquiring the heavy equipment required
R- it is not rare to have good credit and financial backing, especially in the construction industry.
I- Its hard to imitate having good credit
N- There is no replacement for financial backing and good credit, without these things there is no heavy equipment dealer that will finance, or even lease you equipment
7. I have a location to store this equipment and run a "head quarters" for the business
V- It is extremely important to have a place to store the equipment as well as having a small office space for paperwork and such
R- It is not rare to find land for storing equipment
I- It is pretty easy to imitate the storage and office space that i have
N- having land and an office could be replaced by renting a place at a self storage facility
8. I have great skill in off-road driving (just hear me out on this one)
V- It is extremely valuable to be good at driving offroad, especially when you are the first one on a job site because you are driving a big truck, hauling heavy equipment, into the middle of nowhere, if you get stuck youre in a pretty bad predicament.
R- It is rare to find someone that is good at driving off-road, most people aren't even good at driving on-road
I- It is hard to imitate my off-road driving skills because i have been driving off-road longer than i have been driving on-road
N- Off-road driving skills can be replaced, albeit a very expensive alternative, with paying for a recovery vehicle to come out to the site and pull you out, which now that i think about it would also be a pretty good industry to get into.
9. I have real world mechanical experience
V- It is extremely valuable to have mechanical experience because when your on a job site you could easily be outside of cell service and a long distance from the nearest person, so if something breaks down you've gotta be able to fix it.
R- It is extremely rare to find someone that has the amount of real world mechanical experience that i do, there are a million guys that are "certified mechanics" but most of those guys cant do much more than change oil.
I- It is difficult to imitate mechanical ability because if you do something wrong it could cost you alot more than the original repair.
N- Having mechanical experience could be replaced by having a full time mechanic on your crew or calling a mobile mechanic in case of emergency, but both of those are extremely costly.
10. I have leadership skills and experience.
V- Leadership skills are extremely valuable especially when it comes to running a crew because it takes skill to get quality worker and have work done on time
R- It is rare to find someone with leadership skills that are truly honed enough to run a crew
I-It is hard to imitate leadership skills because the crew that is being led will see right through you and pick at your weaknesses
N- Having leadership skills is very difficult to substitute because without a leader the work will never be quality and production will not be as efficient as possible
The resource that i would say is the most beneficial to my venture would have to be my drive and dedication. Most of the other resources can be obtained through hard work and dedication but without the drive its hard to see any progress or success for the venture.
V- This is extremely valuable because it will allow me to get this equipment at the best price and receive the best service possible
R- This relationship is not exactly rare but the quality of relationship that i have with these dealers is rare
I- The relationship that i have with these dealers is practically impossible to imitate, because the dealer is my uncle.
N- These relationships are not substitutable
2. I already own the trucks that would be required to haul the equipment.
V- These trucks are extremely valuable to the business because without them the equipment and workers could never get to these job sites
R- These trucks are not rare in any way, drive down any road and you'll see one just like them
I- These trucks are very imitable.
N- These trucks could easily be substituted with any heavy duty pick up truck on the road.
3. I have great connections into the early construction industry
V- These connections are extremely valuable because they will help me to secure contracts and land jobs that i wouldn't be able to get on my own.
R- These connections are not particularly rare, almost everyone in the construction industry has connections that help them secure jobs.
I- These connections are easily imitable
N- These connections could be substituted with other connections as well as heavy advertisement
4. I have a crew of friends that would be willing to come work for me
V- These friends are valuable because without them the work could not be done
R- These friends are rare because it is hard to come by a group of guys that i can trust will get the job done to my standards and on time
I- These friends are not very easily imitable because as previously stated, the relationship built between me and these guys is a large portion of why the work would be so quality
N- These friends are difficult to be substituted but it could be done, it would just take a lot of hiring and firing of inferior workers.
5. I have the drive and dedication to make this business work
V- This is very valuable because this industry can be a lot of work and hard times but will almost always pay off with hard work
R- It is rare to find someone that is as hardworking and dedicated as i am (that sounds like bragging but oh well)
I- It is very hard to imitate hard work unless you actually are working hard
N- There is no replacement for hard work, none.
6. I have the financial backing and credit required to purchase the equipment.
V- Having financial backing and good credit is extremely valuable in acquiring the heavy equipment required
R- it is not rare to have good credit and financial backing, especially in the construction industry.
I- Its hard to imitate having good credit
N- There is no replacement for financial backing and good credit, without these things there is no heavy equipment dealer that will finance, or even lease you equipment
7. I have a location to store this equipment and run a "head quarters" for the business
V- It is extremely important to have a place to store the equipment as well as having a small office space for paperwork and such
R- It is not rare to find land for storing equipment
I- It is pretty easy to imitate the storage and office space that i have
N- having land and an office could be replaced by renting a place at a self storage facility
8. I have great skill in off-road driving (just hear me out on this one)
V- It is extremely valuable to be good at driving offroad, especially when you are the first one on a job site because you are driving a big truck, hauling heavy equipment, into the middle of nowhere, if you get stuck youre in a pretty bad predicament.
R- It is rare to find someone that is good at driving off-road, most people aren't even good at driving on-road
I- It is hard to imitate my off-road driving skills because i have been driving off-road longer than i have been driving on-road
N- Off-road driving skills can be replaced, albeit a very expensive alternative, with paying for a recovery vehicle to come out to the site and pull you out, which now that i think about it would also be a pretty good industry to get into.
9. I have real world mechanical experience
V- It is extremely valuable to have mechanical experience because when your on a job site you could easily be outside of cell service and a long distance from the nearest person, so if something breaks down you've gotta be able to fix it.
R- It is extremely rare to find someone that has the amount of real world mechanical experience that i do, there are a million guys that are "certified mechanics" but most of those guys cant do much more than change oil.
I- It is difficult to imitate mechanical ability because if you do something wrong it could cost you alot more than the original repair.
N- Having mechanical experience could be replaced by having a full time mechanic on your crew or calling a mobile mechanic in case of emergency, but both of those are extremely costly.
10. I have leadership skills and experience.
V- Leadership skills are extremely valuable especially when it comes to running a crew because it takes skill to get quality worker and have work done on time
R- It is rare to find someone with leadership skills that are truly honed enough to run a crew
I-It is hard to imitate leadership skills because the crew that is being led will see right through you and pick at your weaknesses
N- Having leadership skills is very difficult to substitute because without a leader the work will never be quality and production will not be as efficient as possible
The resource that i would say is the most beneficial to my venture would have to be my drive and dedication. Most of the other resources can be obtained through hard work and dedication but without the drive its hard to see any progress or success for the venture.
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