ENT 3003 Forming an Opportunity Belief

1.) I have a belief that the current energy grid is outdated and in need of a more wireless and less alterable electrical grid.

2.) The unmet need is the lack of accessible and affordable energy necessary to power our growing society without the use of non-renewable resources, those that have this need are specifically those within developing nations and certain areas of rural America, where electricity is difficult to excess due to their location. The need is fairly new has it has become a growing problem for the world to find a new means of renewable energy. Many people including companies are using solar power as well as wind or water has a means of generating electricity without fossil fuels. I would say I am currently 65% that this opportunity exists

3.) The ideal customer would be one in need of electricity within Rural America

4.)I interviewed my Uncle who works in a Nuclear Power Plant out in Idaho, he began noticing this need a few years ago when the Nuclear Power Plant could no longer provide energy to the entire Northeast of the State when it went under construction, however, this need is only present when the Plant is under construction during the winter. As an increase in number of houses without electricity through the winter could be deadly they're switching to generators to keep houses running during winter at times. Many civilians are not satisfied with this solution because winter is a crucial time and almost impossible to survive without heat.

3.) Members of the Developing Nations

4.) I interviewed my Family back in Nigeria, we discussed how the need for an energy source is always felt and is never something that goes away since having electricity is a luxury. This need has always been present sine 1960's ever since the Nigerian Independence became official. Many people do not have the money nor the luxury of addressing this need, instead they burn kerosene labs and try to buy a generator if possible. They are currently not satisfied within this solution because it is merely a band-aid for a much larger problem.

3.) College Campuses and Students

4.) I spoke with many RA's as well as the System Manager for FSU dormitories, what I learned was quite surprising. Most of the energy that runs throughout Florida Campus are actually recycled, over the last few years there's been an increase in recycled energy. from solar panel trash cans to solar powered auditoriums many universities across Florida have already switched the majority of their systems to a more eco-friendly system. This need has satisfied many people across the state including state legislators and students. They first became aware of this need nearly 10 years ago during the Hurricane season when power was lost for over a month due to destruction of near by energy grid blocks.  Since then many universities and companies have turned towards more eco-friendly energy systems.

5.) This assignment was very enlightening as the saying goes sometimes you think you have an idea but chances are someone has already implemented it in a different form. Although some people are clearly in desperate need of renewable energy the cost of developing this could be more expensive than actually implementing.

7.) My opportunity belief has changed greatly because I realize that even though I may have a good idea, a simpler more effective solution may already be in play. Not much of my original idea is still intact in part because I realized how difficult it would be to implement also whether it would truly meet the need of the prospective customers, I believe all entrepreneurs  should adapt to a certain degree to their customers, however, often times in order to lead the orchestra you have to turn your back to the crowd so this is an idea that I personally hold to and think entrepreneurs should put more stock in. I do believe that my new opportunity is more refined and perhaps more accurate now that I understand the needs of the community better.