23A – Your Venture’s Unfair Advantage

Resources: 
1. Convenience
V: This is a valuable resource because people can use the app anywhere at anytime.
R: This is not a rare aspect because most social networking platforms are apps.
I: This is not tough for others to copy.
N: This can bee substituted through a different platform but an app seems to be the most convenient.

2. Motivation
V: This is a valuable resource because the team that runs this app is one that is always striving to be better.
R: This is rare because motivated individuals are hard to find.
I: This is tough for others to copy.
N: Motivation has no substitute in my opinion.

3. Social Capital
V: This is a valuable resource because it helps others build a stronger social network.
R: This is rare because it takes a lot to build a strong social network.
I: This is tough for other people to copy.
N: Social capital is hard to substitute.

4. Safety
V: This app is backed buy security checks and deletes the risk of social networking.
R: This is rare because most social networking apps are dangerous.
I: This is tough for other people to copy.
N: Safety is pretty straight forward so it is hard to substitute.

5. Finance
V: With my major being in finance, I can apply my skills and knowledge to keep this company financially secure.
R: This is rare because not everyone is a finance major.
I: People can copy this but it would cost them time and effort.
N: This can be substituted for a different major but they all have different benefits to the business.

6. Fully Integrated
V: This is a valuable aspect of the app because every step of the process of meeting new people goes through one platform.
R: This is rare because not all apps are fully integrated.
I: This can be copied.
N: Integration can be substituted for separate platforms but it is better to have a service all on the same platform in my opinion.

7. Price
V: This app is affordable for all people.
R: This is rare because not all apps are free.
I: This can be copied with the right financial backup and setup.
N: Price is easy to substitute, but substitutions can have huge implications on the company.

8. Experience
V: This app leaves people with a special experience that they tend to not forget.
R: This is rare because creating a good experience is not easy.
I: This can not be copied.
N: Experience is hard to substitute.

9. Tech Team
V: There is a technology team working around the clock to fix any problems with the software.
R: This is not rare but it is extremely helpful.
I: This can be copied but may not be as effective.
N: A tech team can be substituted.

10. Research and Development
V: This team filters through customer feedback to help develop the app.
R: This is not rare but it is extremely helpful.
I: This can beg copied but may not be as effective because all teams are different.
N: A Research and Development team can bee substituted.

Reflection:

After completing my list of resources, I have come to a conclusion that my most valuable resource is my background in finance. This allows me to look at the company from a financial perspective and develop it in the most financially realistic way.