23A – Your Venture’s Unfair Advantage

Human Capital: This Class and what  I have learned through It

V- Yes, The things that I have practiced in this class will directly translate into the field

R- No

I- Yes

N- No

Human Capital: Psychology background

V- Yes, Knowing how people work and how to support and work with them will allow me to better understand business partners and customers

R- No

I- Yes, A basic understanding of Psychology can be the foundation of a similar background.

N- Yes, Because no one else has the experience I have because mine is personal.

Social Capital: An old supervisor that oversaw aquatics for the city of Clearwater

V- Yes, He is directly involved with government policies and can work with me to network to other departments to sell my product.

R- Rare

I- Yes

N- No

Social Capital: My friend Evan

V- Yes, He has the financial social capital that can be a major investment into my company and therefore help it grow into more networks other than my own

R- No

I- Yes

N- No

Social Capital: My friend Jarred

V- Yes, He is a software programmer that can aid in the actual creation of my software needed to secure business finances.

R- No

I- Yes

N- No

Social Capital: My old business professor

V- Yes, He can provide me with incite on his past business failures and successes

R- No

I- Yes

N- No

Social Capital: My family friend

V- Yes, She own and runs 5 private practices and a not-for-profit. She can not only give me connection but can also be the first to try my product

R- No

I- Yes

N- No

Social Capital: My friends Brandon

V- Yes, He is a marketing student who can help me market my product and get it into the market, but also has the skills to do graphic design for my product.

R- No

I- Yes

N- No

Capabilities: Leadership skills and background

V- Yes, Having a background in leadership is essential. I need to know how to gain followers, but also lead them well

R- No

I- No, leadership skills can be similar, but there are some things that have just come natural.

N- Yes, there is no other way to provide the same type of charisma and people skills than through individual experiences 

Capabilities: Well established interpersonal skills

V- Yes, This is similar to my psychology background. The better I am at knowing and relating to people the easier it will be to lead and accrue new followers and customers

R- No

I- Yes

N- No

My most valuable resource is my family friend. She has years of background running multiple businesses at one time and can help in the process of getting on my feet. She acts as a financial capital source as well as a social capital resource. Compared to the others, she stands out because I either cannot rely on myself, or because she is my closest and most well rounded resource.