1. Human Capital - My knowledge
Valuable - this is valuable because I can use it to make helpful decisions for this company
rare - Not a lot of people have knowledge in the plant industry
inimitable - It is hard to have knowledge in plant industry
non- substitutable - you can not substitute what I know.
2. Human Capital - My experience
Valuable - I learned some helpful knowledge in the time that I worked
rare - It is kind of rare to have experience at a whole sale plant nursery
inimitable - it would be hard to copy what I have experienced and learned
non- substitutable - you could substitute this with someone who has more experience than me
3. Social Capital - my family
Valuable - I have many family members in the plant nursery business. I am third generation
rare - It is rare to find someone who is third generation in plant industry
inimitable - You can not copy my family and the knowledge I have gained from them.
non- substitutable - this can not really be substituted for something else.
4. Financial capital -
Valuable - the money I have is valuable because it is my own. I do not have to depend on others to finance as much
rare -this is not rare
inimitable - this can be copied
non- substitutable - others can use the money they have to copy
5. Social Capital - Knowing what customers want
Valuable- this is vaubale because I listen to what people would like to see and I have knowledge of what plants people buy
rare - this is not rare
inimitable - this can be copied as other company can look at sales
non- substitutable - this can be substituted.
6. Capabilities - Hard work
Valuable - this is extremely valuable. I put in hard work to assure everything is done efficiently and right.
rare - I think not many people would want to work in conditions such as plant industry
inimitable - work can be copied by others
non- substitutable - this can be substituted by other workers
7. Capabilities- passion
valuable - I love plants. I have a passion to see them grow and sell them
rare - I think this is rare. I do not know many people who have a passion to grow plants for a living.
inimitable - I think my passion could be copied, but it would be difficult.
non- substitutable - this can not be substituted
8. Social Capital - Knowing a broad background of people
Valuable - this is valuable because this expands my market
rare - not rare
inimitable - this can be copied
non- substitutable - this can be substituted
9. Social Capital - small feel of the company
Valuable - I think this is valuable in for a online company
rare - this is rare for a online company
inimitable - this can be copied but would be difficult for large companies
non- substitutable - this can not be substituted
10. Human Capital - suppliers
Valuable this is valuable to know many supplies of plants
rare this is not rare
inimitable this can be copied but hard to copy the relationships with suppliers
non- substitutable - this can be substituted
I believe my top resource is my family. Family can not be copied. I will always be able to depends on them for my needs this is can not be copied. For my venture I will be able to use them to supply me plants and have help along the way.
hey Dylan,
ReplyDeleteLoved the work you put into this, really could tell there was a lot of thought. The fact that you can incorporate your family and it be your primary and inimitable resource is astounding. Not only does this improve your business and work, it will give you a resource that most likely will last you for the longest time. It also spurts innovation within your idea and shows you put more thought than most of the others have. I am extremely impressed with your process.
Awesome post Dylan! I agree with you %100 family cannot be copied. My family is part of why I am inspired to start my business and I am glad you have a strong support system to rely on as you go on your journey.
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