Entrepreneurial Opportunity: Overview of a Sustainable Solar Panel Start-up

Entrepreneurial
Opportunity

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Overview of start-up...................................................................................................................3
Application of the domains to the business start-up...................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
With the changing technology and new resources available in the market there is the
emergence of new entrepreneurial opportunities for the young entrepreneurs. Basically,
entrepreneurship is the activity of generating new ideas and transforming it into the new business
venture to gain fiscal benefit and also to serve the outer world. In the current era there is huge
important of eco- friendly and sustainable new business venture to gain competitive advantage.
The report outlines one of such new start-up named as MinimalT. The company is all about the
manufacturing and selling of the highly advanced, sustainable, affordable and eco- friendly solar
panel.
MAIN BODY
Overview of start-up
Starting a new business venture is exciting and complex task. The new business start- up
named MinimalT is originated and is based in London, United Kingdom. The start-up is
developed with the aim to spread the sustainability and to bring Eco- friendly technology through
its product and services in order to serve the other market segment (Constantinides and Slavova,
2020). The MinimalT is the company that produces and sell the solar panel to the other segments
and sectors of the market in order to provide them likely benefits. The solar panels are the most
eco- friendly and affordable source of technology that generate electricity in cheap and
environment friendly manner. The company has come up with most light weighted, affordable
and long term durable solar panel in the market.
Application of the domains to the business start-up
Market Domain/Micro level: Sector market benefits and attractiveness
From the product of the MinimalT that is solar panel the hotel industry is one of the
segment of the overall market that is likely to have most benefit from its features and
characteristics (Robert, Frey and Sisodia, 2021). As the hotel segment requires huge amount of
electricity for their different services ad also to maintain the attractiveness of their infrastructure
for which solar panel of the MinimalT has capability to provide the huge support in generating
free electricity which will draw sustainability to this sector and also reduce the extra electricity
cost. The MinimalT is different in terms of pricing strategy as the company is severing the solar
panel at the lowest and most affordable rates in the market in order to gain differentiation in