1. Ease of use
v- High, something easy to use is wanted especially if it has benefits
r- Low, not an original idea
i, Low, can be duplicated
n- High, there are others out there that offer similar benefits
2. Potential to grow
v- High, for investors this may seem worthwhile
r- Medium, something like this can be new to some people
i- Medium, if a similar product was to come out it can compete
n- Low
3. Industry connections
v- High, great foot in the door for a big job
r- High, not normal for such potential
i- Medium, someone with similar connections can capitalize
n- Medium, someone with similar connections can do the same
4. Personal drive
v- High, needed to achieve success
r- Low, not rare but at the same time not everyone has it
i- Low- anyone can get a drive for success
n-
5. Multilingual
v- High, can expand into many regions and countries
r- Low, others know the language as well
i- Low, anyone can learn the language
n- Low, many resources out there can translate
6. Growth
v- High, any growth is good growth for the company
r- Low, growth is needed for success so not necessarily rare
i- Medium, could be duplicate but could lead to different results
n- Low, not many resources that are perfect
I am aware I am 4 short of the requirement. I had a tough time thinking of good advantages that can be brought to the table. But out of the 6 mentioned above I think the biggest advantage would have to be the connections I have in the automotive industry. As the saying goes, "its not what you know, its who you know."
Hi Louis,
ReplyDeleteYou pointed out some great advantages that you have in the business. I think you being multilingual is a huge one- not many people can speak different languages and this opens you up to global opportunities as well. I agree with you that connections are highly important, that was one of my advantages as well. It really is who you know and how you network with people that grows a business and builds success. Keep up the good work!