Your Venture's Unfair Advantage

Personal and Working experience:
Valuable: This is valuable since I'm already in a this field and have broad experience working with different aspects of real estate.
Rare: I think this is somehow rare. There are other real estate professionals but most of them specializing only in one particular narrow area and not looking at it as a whole.
Inimitable: There is a minority of people who could copy this idea and most of them have different working experience.
Non-substitutable: I could not substitute this.


Education
Valuable: this is very valuable because it gives an opportunity to view the idea differently ( wider)
Rare: This is not rare many entrepreneurs have a degree or at least completed courses that help them establishing their business.
Inimitable: Anyone who has a degree or learning could find a proper use to their idea  in a positive way.
Non-substitutable: other option would be to hire a general manager or enough experienced employee to manage everything but this would require a lot of resource.


Financial Resources:
Valuable: Extremely valuable since every startup or creating new product  requires capitals.
Rare: It is not easy to find investors who believe in your idea and willing to participate financially.
Inimitable: Possible to copy with enough financials.
Non-substitutable: There are organizations who grand or loan money that typically sufficient enough to start a business.

Confidence:
Valuable: You have to believe in your idea and be confident in a positive results of it.
Rare: a lot of people give up or afraid of starting their own businesses .
Inimitable: not sure how to answer here.
Non-substitutable: can't be substituted, confidence is essential.


Relationship with other people of same interest. (in my case real estate professionals and investors)
Valuable: Very valuable, it is important to stay in touch with them to share and get new experience of others
Rare: not rare, many people have opportunity to form in groups and discuss their ideas
Non-substitutable: you can not substitute it.




After reflecting on my resources, existing relationship with other entrepreneur and my experience create me a great advantage and allow me to grow the business quicker. Other aspects are also very important and this is really a combination of everything something that really makes it work together.


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