Tuesday, March 22, 2016

My Unfair Advantage

VRIN scale on 1-10

1. Experience in the car business

  • Started by my grandfather in 1969, my family has been in the car business in Tampa ever since. I think over the years I have accumulated the knowledge and skills necessary to run a successful car service business. 
  • V- 8
  • R-5
  • I-6
  • N-7


2. Connection to service parts straight from General Motors

  • Through the dealership in Tampa, I will be able to order all of the service parts for a discounted price. This will help me not only make a profit, but I will have access to almost every part for cars imaginable and that will be of great convenience to my customers. 
  • V- 10
  • R- 8
  • I-7
  • N-3
3. Accountant on hand
  • Brian Lee Patterson, my best friend since I was 5 years old, is an accountant right out of college right now and he would be perfect managing all of my books and money. I can trust him and focus on the service part of the business because I know he will have all of the financials handled. 
  • V-8
  • R-3
  • I-4
  • N-6
4. Free marketing with the help of my sister 
  • My main source of advertising is going to be through social media and word of mouth. Lucky for me, my sister is a PR major at the University of Georgia. She is great at graphic design and would really promote my service in a positive way on all forms of social media. I can also trust her so I will not have to worry about this aspect of the business. 
  • V-7
  • R-7
  • I-5
  • N-6
5. Already a solid client base that would be willing to use my services 
  • Since talking about my idea for a couple of weeks, I have had a countless amount of friends ask me if I could make these minor fixes to their car if I go through starting the business. It has been enough people that I would have a solid starting point. I would do very quality work on their cars and hopefully they will tell all their friends to give me a call. 
  • V-5
  • R-6
  • I-7
  • N-3
6. Have a lot of free time on my hands 
  • Besides one class on Tuesday and Thursday, I am somewhat free most of the week and I would be able to focus a lot of attention on my business. This is even more important when I am first getting started to make sure I hit the ground running and put myself in the best position for success. 
  • V-3
  • R-5
  • I-6
  • N-3
7. Certified service technician I know that is willing to work for me
  • One of my good friends from high school has been working in a body shop for almost 4 years now and I am nothing but confident that he can fix anything and everything. This is huge because there will not be a project I have to turn down because I cannot do it. 
  • V-10
  • R-10
  • I-8
  • N-9
8. Ability to think outside of the box 
  • If not all things are going as planned, I have the ability to change the course of action and make moves. I think this quality comes from holding leadership positions throughout my life. 
  • V-8
  • R-5
  • I-7
  • N-6
9. Time management 
  • Growing up playing multiple sports at the same time and still balancing school has always been my life since I can remember. This will help me when I have a lot of things on my plate and I will be able to avoid stress because I have been in this position before. 
  • V-7
  • R-6
  • I-4
  • N- 5
10. Competitiveness 
  • I think this might be my greatest resource because it is my willingness to do whatever it takes to be successful. I want to do well in everything I do and the business world is nothing new. 
  • V-7
  • R-8
  • I-8
  • N-6
The top resource for me is definitely my friend that is a certified technician and is willing to work for me. He can literally do everything that I need him to do and then some. This will be perfect for my clients that want efficient and quality work. 

2 comments:

  1. What’s up Ralph, it seems that you have a good foot in the car service industry. You got your family to guide you to prevent mistakes and become successful, which is a pretty awesome. Seems like you are set with what you have put out to do. On the other hand, I do not have as much experience for my business idea. Go check out my page and let me know. http://ufrob.blogspot.com/2016/03/my-unfair-advantage.html

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  2. Hey! I think its awesome that you have so much going for you already with this business. That can definitely be an advantage over others. I agree that I think your top resource is that you have a certified technician willing to work for you, because thats what can get the ball rolling with the business. You should get out my blog! http://principlesofent.blogspot.com/2016/03/my-unfair-advantage.html

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