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·         Generate a list of all of the resources in your venture (produce a list of at least 10 resources that you already possess). This can include your human capital, social capital, financial capital, and capabilities. You may also discuss the organizational culture you intend to create (but, obviously, it's not a resource that you have, now.) 

·         Conduct a "VRIN" analysis for each resource. That is, describe, for each resource, how it is valuable, rare, inimitable (how hard it is to copy by others), and non-substitutable (are there other resources that can provide the same benefits?). 

·         Remember, not ALL resources will measure up well. That's OK. You just need one. 

·         After conducting the VRIN analysis, determine what your top resource is. Explain why it's more important to your venture than all of the other resources.

Resources:

1)      Cash Asset

Valuable? Yes
Rare? No
Imitable? Yes
Organization? Yes

2)      Truck Asset

Valuable? Yes
Rare? No
Imitable? Yes
Organization? No

3)      Friends who have knowledge of Puerto Rico and its people to help

Valuable? Yes
Rare? No
Imitable? No
Organization? Yes

4)      Basic Spanish knowledge

Valuable? No
Rare? No
Imitable? Yes
Organization? Yes

5)      Good relations with past Spanish teachers

Valuable? Yes
Rare? No
Imitable? No
Organization? Yes

6)      Access to professors that are familiar with Hispanic culture

Valuable? No
Rare? No
Imitable? Yes
Organization? Yes

7)      Access to Puerto Rico club at UF

Valuable? Yes
Rare? No
Imitable? No
Organization? Yes

8)      Creativity

Valuable? Yes
Rare? No
Imitable? No
Organization? Yes

9)      Drive

Valuable? Yes
Rare? No
Imitable? No
Organization? Yes

10)   Understanding of how to start organizations from the ground up (created own club at UF)

Valuable? Yes
Rare? Yes
Imitable? No
Organization? Yes

According to VRIO analysis my understanding of how to start organizations from the ground up is my most valuable resource. I have created a club and am the Vice President of it. We grew from 3 members to around 20 active members in a semester. Currently we are working on international microeconomic development. I think this is my most valuable resource because it is hard to replicate this and it provides me with lots of lessons on how to start a new organization and how to run an organization well. For example, it has taught me perseverance when times are difficult. It has taught me to trust the process. And it has also taught me that good things come with time and dedication.