1 Business Education
·
I would bring knowledge in creating a business
that is very valuable. Business knowledge is easily obtainable. Business
knowledge is not substitutable.
2 Niche market
·
The market for online communication is focused
on making communication better for online students. This technology is rather
rare and not universally used. The product is able to be replicated, however
could proved to be difficult. Additionally, there are no real similar
substitutes for this product.
3 Limited competition
·
For the online communication market there isn’t
much competition. Email is the dominant mode of communication and does not mold
well with some students. The limited competition in the market is very
valuable.
4 Accessibility
·
The accessibility of the overall product would
be very valuable to the students, TA’s and professors using the application.
The product would be easily replicable, however would take time and money to do
so.
5 Financial Capital
·
Currently, my credit is extremely good and
therefore very valuable. With my credit the ability to get loans would be
proven to be easier.
6 Capabilities
·
The application has the capabilities to make
learning easier for students. The applications capabilities allow for easier
communication, therefore, helping the students learn.
7 Motivation
·
I have the motivation to create a better
learning atmosphere for the online student. This is not easily duplicated and
is also rare to find.
8 Leadership
·
I have experience many situation throughout my
life where I have either expressed leadership or absorbed leadership.
Leadership is extremely valuable. However, leadership is not easily duplicated
or substitutable.
9. Innovation
·
Online education needs some innovation. The
addition to better communication would be a great addition. The innovation of
this implementation would be able to be replicable.
10. Personal Experience
·
My personal experience from being an online
student proves to be very valuable. I have witnessed the difficulties of communicating
with students, TA’s and professors. This is not replicable or substitutable.
Hello Kyle.
ReplyDeleteThank you for share your unfair advantage. You did a great job. You explained nice 10 reason that you can success for this business. I totally agree with all of your ability. What I most agree with your opinion is that personal experience. Personal experience is really important and valuable. It is lucky that you had an experience. Thank you again for share good idea.
Kyle,
ReplyDeleteGreat work on sharing your 'Unfair Advantage' assignment. Having financial capital and good credit is an amazing resource that most people don't realize or understand. I focus on this because this can help not bring on business partners for the sole reason to obtain capital, as long as you can obtain it yourself through your credit. Most people don't realize this, or even know that you can get denied from a regular job for not having good enough credit. With that said, overall, great job and keep thinking of how you can use your most valuable resources most efficiently.
Hey Kyle,
ReplyDeleteI feel that an education can be your most valuable asset, and given your knowledge of business, it ought to benefit you greatly. By combining your education with your experiences as a student, and by successfully targeting a niche market, you can exploit the opportunity that you've found, to great benefit. Leadership is another intangible that not many people have — and if you have that, you can go far. It'll undoubtedly help you in all facets of your business, while making you a great boss.