23A – Your Venture’s Unfair Advantage

(My venture deals with tutoring who want to become more comfortable with technology)

1. Connection with an HR specialist
1. This resource is valuable as it is considered as skilled labor and is learned in academia. I would not consider this resource rare as there are many people who specialize in human resources. It not as easy to imitate this skill as HR is a skill you learn as you keep developing as you move further into the field. I do not think having a connection with an HR specialist is substitutable as it is mainly human knowledge. 
2. Ability to make online ads
1. It is not particularly valuable since there are numerous alternative ways to get my business plans known to others. I do not think this resource is rare nor inimitable as this is something you can learn if you take the time to learn it. This skill is also substitutable as going online is not the only way to make ads. 
3. Patience to Teach
1. This skill is particularly valuable for teaching people, especially when the material is foreign to them. I do not think it is rare as patience is something that can be learned. It can be inimitable for people who cannot wait for students to understand certain material.
4. Technological Knowledge
1. I think this is one of the key resources to possess since this tutoring service revolves around technology, thus making it valuable and non-substitutable. However, it is not rare nor inimitable as this knowledge can be easily accessed and learned from essentially everywhere.
5. Teaching
1. Same as technological skill. this resource is essential to tutoring someone effectively, making it valuable and non-substitutable. It is also a common skill and not inimitable.
6. First-Born Generation
1. I think this particular resource makes me unique from many people. I am able to understand some particular problems that immigrants face regarding technology. Although it is not inimitable, it is not rare as there are many first-born generations across the country.
7. Language Translator
1. Being a first-generation I know how to speak Vietnamese from my parents. This is valuable in the sense of being able to translate fluidly when trying to teach other Vietnamese foreigners. However, the ability to translate is not rare, inimitable, or substitutable. Anyone can take the time to dedicate learning Vietnamese. 
8. Organization
1. Tutoring requires a high amount of organization of both the teaching material and schedule, thus making it valuable. This skill is not particularly rare as you can simply find other people to organize for you, making it not inimitable as well. It may be substituted, though I am not entirely sure how it can be as efficient as if one were to be organized.
9. Small Start-up Fund
1. If I were to present my idea to my family relatives, I may be able to receive a small fund to start up my business. These would most likely pay off advertisements, cost of material, and transportation. It is not particularly valuable, rare, or inimitable as funds can be raised in other methods. However, it is non-substitutable as money is a good means of obtaining necessary resources.
10. Connection with a senior community representative
1. Since my business is emphasized towards seniors, it is valuable to have a social connection with someone who knows my biggest market. It is also substitutable though as there are other means to trying to reach an older audience.

Overall, I find that my own human capital and capabilities are my strongest resources to utilize in this venture. Tutoring is mainly a relationship between the student and teacher, thus it is important to focus on becoming a good teacher to provide better service.