The List
1. Mike C.
2. Steve B.
3. Speaking skills
4. My bank account
5. Drive for success
6. Dealer (Unnamed)
7. Backup dealer (No name, obviously)
8. Financial backing from my parents because I still rely on them
9. Time
10. Work Ethic
V
1. Mike is valuable because of his connections, extremely high business skill level, and his resume
2. Steve is valuable for similar reasons to Mike
3. I think that I’m a pretty good public speaker, so making deals and conducting business seem like good ideas
4. This resource isn’t valuable at all. I have about $20 to my name
5. In contrast with my bank account, my drive for success is full. I am striving to do my best in my classes in order to set myself up for good opportunities later in life
6. Dealer (unnamed) knows what the customers want
7. Same thing with this guy
8. I don’t know how much I could get out of my parents to open up a weed dispensary, but this could be a valuable resource if they’re willing
9. If I devote myself to anything, I will commit all of my time to it
10. I work very hard for things I wish to succeed in. I also work hard for things my mom tells me to do
R
1. Mike is one-of-a-kind
2. Steve is also one-of-a-kind
3. Most great businesspeople are good speakers, so this skill isn’t TOO rare. However, I think that I’m definitely in the top range of speakers
4. You could pick $20 off of the ground and have the same amount of money as me
5. My drive is that of someone who wants to be successful and is willing to put in the work for it. So, it isn’t very common
6. Dealers are usually common
7. Same thing
8. I’m not sure how many college students have financial backing from their parents. A lot probably do
9. Everyone has the same amount of time
10. My work ethic is higher than most people’s
I
1. I’m sure there are plenty of good businesspeople, but not one of them has the exact capital that Mike does
2. Same reasoning for Steve
3. If someone practiced enough, they could speak as well as me
4. This one is easy to imitate
5. You can’t imitate drive. It’s innate
6. You can imitate this
7. You can imitate this
8. This one’s probably not too hard to imitate
9. You can imitate the amount of time I spend on my work. It’d be hard though
10. Work ethic is the imitable version of drive, but my work ethic is hard to imitate
N
1. Like the previous explanation, There are plenty of good businesspeople, but no one has the exact same capital as Mike
2. Same reasoning
3. You can’t really replace speaking skills. They’re pretty important
4. You can’t replace financial capital
5. You can’t replace someone’s drive
6. You can replace a dealer
7. You can replace a dealer
8. I could replace my parents’ financial support with another family member, but it wouldn’t be as much
9. You could replace time spent on work with better resources to do the work faster
10. You could possibly replace work ethic with more workers
From this, I’ve found that my social capital in Mike and Steve are likely my most valuable resources. They are valuable, can’t be replaced, are difficult to imitate, and are each one-of-a-kind.
Awesome job on the VRIN analysis of your list. You definitely have some good points as to why Mike and Steve are your most important resources. Like you, I also chose someone I know as one of my resources and chose him for my most important. If I were to think of a close third I guess for you, it would have to be the speaking skills because you definitely want to be able to negotiate deals and connect with your suppliers.
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