Your Ventures Unfair Advantage


1.     Funding: beneficial because it helps create and maintain the app.
2.     Human resources: having someone track the activity on the app and make the team strong
3.     Physical resource: make sure people have access to this app no matter where they are and that the app always works even if you don’t have WIFI
4.     Marketing: make the app known to the public, whether that is flyers or marketing on social media networks
5.     Operations management: understanding the quality of the product and making sure it is working efficiently for the consumers
6.      U.S. Patent: protect the app so no one can take your idea
7.      Expertise: understand the benefits of running an app and having the correct protects
8.      Technological knowledge: knowing how to create and use the app that will be free to the public
9.      problem solving: understanding how to problem solve as you continue on with your company in-case you face any issues along the way
10.  Commitment: committing to your time and work and working as hard as you can.

I believe marketing is the most important venture advantage because this helps you start up your business and make it known to the public and allows people to see the new app and realize how important it is, and the differences that this app could have.

Comments

  1. Hey Jordyn! Great job with this assignment! You did a really good job with explaining your unfair advantages, and how they affect your potential business. You definitely have some great resources at hand to benefit you when starting up! These advantage will definitely set you apart from the competition. Great job overall with this assignment, and keep up the awesome work!

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