Following Dr. Pryor's instructions, here are ten advantages I believe I have in my venture, each analyzed according to their value, rarity, inimitability, and how non-substitutable it is.
- Zero credit history and no debt (?/20)
- Value: ?/5 - I can't really evaluate a quality I lack, plus, banks need to see credit history
- Rarity: 3/5 - I don't know many people without loans or debt, but they exist
- Inimit.: 3/5 - once you get in debt, it's not that easy to get out of it, but a lot of people do
- Non-subs.: ?/5 - once again, I can't really evaluate this quality on this scale
- In contact with local residents (7/20)
- Value: 2/5 - okay, so I know 3-4 local, well-connected Gainesvillains
- Rarity: 1/5 - not rare whatsoever
- Inimit.: 1/5 - not inimitible whatsoever
- Non-subs.: 3/5 - it's hard to replace local contacts, but the right media campaign could do it
- A knowledge of many cooking styles (8/20)
- Value: 2/5 - diversity of knowledge is not necessarily as valuable as depth of knowledge
- Rarity: 2/5 - food obsessions are not that rare in non-professionals, especially these days
- Inimit.: 1/5 - you could probably learn all that I know within three weeks
- Non-subs.: 3/5 - I lack a certain depth of knowledge, which would be less substitutable
- A knack for quick learning (9/20)
- Value: 4/5 - almost invaluable, being a quick learner helps you in so many different ways
- Rarity: 3/5 - a lot of people just don't learn the way I do, but I'm not that special
- Inimit.: 1/5 - because this is such a nebulous concept, it's hard to measure n this scale
- Non-subs.: 1/5 - being a 'quick learner' isn't really as good as someone who already knows
- A set of excellent knives (10/20)
- Value: 3/5 - a magnificent birthday present, so I can only estimate the actual retail value
- Rarity: 1/5 - these knives get the job done, but so do a lot of others
- Inimit.: 1/5 - doesn't take a genius to figure out how to buy knives
- Non-subs.: 5/5 - ever tried chopping onions without a knife? don't- it'll make you cry
- Knowledge from the ENT3003 class (10/20)
- Value: 3/5 - knowledge is power, after all
- Rarity: 3/5 - hundreds of students take classes like this
- Inimit.: 2/5 - easy to believe that this is easy enough to fake, a lot of students do, anyway
- Non-subs.: 2/5 - you could definitely substitute my semester in this class with other stuff
- A somewhat decent palate (11/20)
- Value: 3/5 - untrained, but a step in the right direction of paramount professionalism
- Rarity: 3/5 - you'd be surprised how many people can't tell pepper from paprika
- Inimit.: 1/5 - anybody can train their palate (unless you can't taste, but that's pretty rare)
- Non-subs.: 4/5 - you could either taste things or blindly follow recipes
- Personal savings and family savings (11/20)
- Value: 4/5 - approximately between $1,000 to $2,000
- Rarity: 1/5 - capital is fairly easy to get
- Inimit.: 1/5 - money from your own pocket or the family, is still just money
- Non-subs.: 5/5 - capital is a store of value, so it is more versatile than anything else
- A bundle of communication skills (12/20)
- Value: 4/5 - how are you going to get customers if you can't even speak with them?
- Rarity: 1/5 - honestly, you can even outsource this stuff now
- Inimit.: 4/5 - four out of five only because of my style in conversation being unique
- Non-subs.: 3/5 - there are lots of different ways to communicate and maintain business
- In contact with a mentor (14/20)
- Value: 3/5 - she is amazing and would be 5/5, but we don't get to talk that much
- Rarity: 4/5 - I kinda lucked out finding a contact, which I've always struggled with
- Inimit.: 3/5 - not everybody has a mentor (mostly heroes have mentors, so... I'm the hero!)
- Non-subs.: 4/5 - insider knowledge of a industry kinda depends on you knowing an insider
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