23A
1. First to the market
(ii) This is impossible for anyone else to copy
1. Will develop brand recognition
(iii) Hopefully my brand would development a reputation as a product with quality that lasts a long time so I would have many repeat customers
1. Connections in industry
(iv) I have a connection at John Deere, hopefully this would allow me to integrate with them
1. Ability to raise capital
(v) My finance background would help me raise capital in the beginning
1. Marketing
(vi) I am able to see what my customers want, and deliver a product they will buy. While this is not specific to me it is something that I think I do well so it will give me an advantage over the competition.
1. Creating new ideas
(vii) Once I initially create the technology I will think about many other places it can be applied. I will also be able to create other improvements to products once I have more funding so that will increase my revenue even further.
1. Expanding technology to new fields
(viii) The technology of taking power off an engine and using it to power another attachment could be used for so many different applications. I could also create other attachments.
1. Always improving
(ix) I am never satisfied with the way something is at the moment, so I would always improve the product to stay ahead of any competitors.
1. Attention to details
(x) Small details is what will make my product stand out. This is something that other might to copy as well so I would have to stay ahead of them.
1. Organizational skills
(xi) It would be a lean management team, this would decrease overhead and improve margins.
Overall I think my strength will be that I am first to the market and then the share of the market that I acquire.
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