My Unfair Advantage

1. Human Capital - Taking this Entrepreneurship class
VRIN Analysis:

• Valuable: I'll know how to start and operate a business by myself 
• Rare: Although an Entrepreneurship class isn't special (let's say on a resume), this class is very unique and is structured way different than most
• Inimitable: Obviously if you take this class, you'll learn what I've learned but I think I've grown significantly by taking this class 
• Non-substitutable: I wouldn't say there's anything like this class because it's uniquely challenging 

2. Human Capital - I'm a finance major
VRIN Analysis:

• Valuable: I'll know how to run my business financially and how to operate a budget and balance sheet 
• Rare: Not extremely rare, but still valuable for starting a business 
• Inimitable: Can be easily copied as many people have this major and take the same classes
• Non-substitutable: Taking a finance class is the only way to learn the finances of a business 

3. Financial Capital - Successful and supportive parents
VRIN Analysis:

• Valuable: I'll have some funds to start my business initially 
• Rare: I wouldn't say rare, but I'm still very lucky and privileged 
• Inimitable: Similar to its uniqueness, it can be copied if you have a successful support system
• Non-substitutable: there's not many things that can replace money in a business unless you have a vast, successful network 

4. Social Capital - I have engineering friends who know how to create phone apps
VRIN Analysis:

• Valuable: This will help me make my app and possibly at a lower cost 
• Rare: Not extremely rare at a school like UF, but in the scope of the whole country, very valuable for starting a business 
• Inimitable: Similar to its rarity, it can be copied as many people have friends who can develop apps 
• Non-substitutable: there's no real other resources for finding people who know how to make apps, unless you do yourself which I don't

5. Human Capital - I have strong writing skills
VRIN Analysis:

• Valuable: This will help me influence investors or consumers if I can have effective, persuasive writing skills 
• Rare: writing skills may not be extremely rare necessarily, but I believe I've had extensive writing classes in high school and college where I'm very skilled
• Inimitable: can be copied, but you have to take challenging classes or jobs
• Non-substitutable: writing skills are irreplaceable and there's no other resources to prepare you for those skills

6. Human Capital - Excellent leadership qualities
VRIN Analysis:

• Valuable: This is extremely valuable in running a business 
• Rare: certain leadership qualities may not be rare, but being an excellent leader is something special
• Inimitable: it's very hard to copy unless you already have these qualities, but they can be enhanced with hard work 
• Non-substitutable: excellent leadership qualities aren't something that can be provided by other resources

7. Social Capital - A wide network of business professionals
VRIN Analysis:

• Valuable: Having a strong network is extremely valuable in starting and running your own business 
• Rare: for entrepreneurs maybe not, but I believe my connections are extremely unique compared to most people 
• Inimitable: you can't really copy someone else's network, but other people have their own strong network 
• Non-substitutable: this is something that can't be substituted because you can't get these connections from anyone/anywhere else 

8.  Human Capital - Trustworthy
VRIN Analysis:

• Valuable: This is extremely valuable because investors and customers will want to know that they are being taken care of properly and that their business owner is reliable 
• Rare: although that specific quality might not be "rare," I think that not everyone has it, but also some people don't display like I do 
• Inimitable: I don't think this is something you can copy because I believe the way you were raised influences your morals and values 
• Non-substitutable: I don't think this is something that is substitutable by other things because it's just something that's an innate quality 

9. Capabilities  - Strong social skills
VRIN Analysis:

• Valuable: This is very valuable especially in the business world where you're always talking with people whether that's making deals or other phone calls and meetings
• Rare: I wouldn't say this is a very rare, but I think in this day in age, people's social skills are declining
• Inimitable: I would say this is very hard to copy because I think you have this quality or you don't and it's very hard to fake it as well 
• Non-substitutable: I don't think there is a substitute this especially in the business world where it's almost a necessity because it's a quality that I think some people are born with

10. Human Capital - Close to the age of the target customers
VRIN Analysis:

• Valuable: I think this is valuable because I can stay up to date on the reactions of the customers of my industry 
• Rare: I don't know how rare this is, but I do know that companies are unsuccessful if they are not plugged in with their customers
• Inimitable: Not very hard to copy, but your business just has to be in tune with the audience 
• Non-substitutable: This cannot be substituted because there's no other resources that give you the same result

Top Resource: I think my top resource is #7 Social Capital because I think a wide network of business professionals is the most valuable resource an entrepreneur or any professional can have. Like the saying goes, "It's not what you know, it's who know," having a network of successful can get you places and make you more successful than you could ever be on your own. A strong network is not something that can just be copied or created out of the blue because although some of it's work, a lot of it is luck. I think it's my top resource because I've been lucky enough to meet and be surrounded with extremely successful professionals in their field.