I am a College Student
- V - I am going through the situation which gives me motivation to solve it
- R - It is rare in the sense that many other college kids aren’t interested in starting a business
- I - It is relatively easy to copy
- N - Other resources could provide the same benefits
I have access to all of UF’s resources
- V - This is very valuable as they have a multitude of resources that I can use such as the patent office
- R - This is only available to other UF students
- I - It could be copied potentially
- N - Other colleges could provide the same benefits
It is a “Zero to One” idea
- V - Highly because nobody has done it before
- R - This is rare because there are not many markets that are totally untouched
- I - It is inimitable in the sense that nobody has tried yet
- N - It could be done but has not yet
I am committed to making the idea work
- V - This is valuable because it ensures more commitment to the job
- R - This is not too rare
- I - It could be imitated
- N - It could be provided by others
Connections to Student Loan Professionals (High School Guidance Counselor)
- V - This is highly valuable because I have access to a multitude of information and help
- R - This is very rare
- I - It can’t be imitated because not many have this much information
- N - It is non-substitutable because he has really world applicable information
Time
- V - This is extremely valuable
- R - This is not too rare because every one has time
- I - This could be imitated if someone else had enough time
- N - This cannot be substituted
Little to No Maintenance Fees
- V - This is valuable as I could start a business with small initial costs
- R - This is rare because most businesses require heavy entry fees
- I - This cannot be imitated because not many other fields can achieve this
- N - If there are no fees, I can get started without investors
High Earnings to Cost Ratio
- V - This is extremely valuable because I can poor more money into improving
- R - This is rare which allows for exponential growth
- I - This could be imitated if another business was to join the market
- N - Other businesses could do the same
Very Large Potential Market
- V - Many people to sell to
- R - Not so rare
- I - Could be imitated
- N - Could becomes smaller if other businesses come
No current competitors
- V - Highly valuable, no competition
- R - Extremely rare, could scale quickly before others join
- I - Cannot be imitated
- N - Cannot be substituted
Overall, my most valuable asset right now is that there is no one else in the market as of right now which means I have the opportunity to scale and grow quickly before others could try to copy my service. By that point, I would hopefully be able to outperform them.
