Venture Creation - Sunbrella | Essay
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Added on 2020-02-03
Venture Creation - Sunbrella | Essay
Added on 2020-02-03
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INDIVIDUAL ESSAY
Table of ContentsINDIVIDUAL ESSAY....................................................................................................................1INTRODUCTION...........................................................................................................................3Section 2...........................................................................................................................................5Section 3...........................................................................................................................................7CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONThis Essay is about the idea for venture creation. I have started with my idea that isSUNBRELLA. It is a device that take energy from the sun heat. The shape of the SUNBRELLAis like a umbrella that is why I named it as SUNBRELLA. On the top of the it, there is solarpanels that generate natural energy to share with people with little access to electricity. Theobjective behind the creation of it is to charge any electric device taking energy from the sunlight (Raggatt, 2010). This device will help in to charge the electric device without usingelectricity and it help in to reduce the power consumption because electric device can be chargedfrom the sun heat. I argue that the it is a device that help in to reduce the burden over the electricconsumption. It will help in to provide better opportunities in the market so that people getattracted toward the solar energy products that will help in to reduce the burden on theirhousehold electric consumption.My opportunity and my idea that is available, it does not require lots of money to start abusiness of solar system and reduce the expenses of the family that is increasing due to electricconsumption. There are many opportunities available in service sector through adoption of solar systemproduct are as follows-Independent solar consultant:there are many opportunities available in adoption of solar plant on your property and it has maybenefits. Independent solar consultant guide the people why to adopt the solar system productand they guide them the procedure to operate the solar system. They also provide various optionto the entire process (Winnicott, 2012). Financing consultant:There are opportunities for finance is also available as bank provide finance assistance to themwho want to install solar system and provide basic aid to them to adopt solar plant. Governmentis also providing help and they spread knowledge about the finance assistance to the client byorganising various programmes so that people get attracted toward the adoption of solar plant.Solar Repairs:Solar system last for the long time and does not required repairing after the successfulinstallation but it requires maintenance from time to time. So the expenditure to maintain the
solar system is also very low. It is required to update the solar system with new inverter,replacement of wires, storm damage repairs which is lasting from long run.I have developed my idea by following the various ways that are as follows-First, I have started to think about my idea like what I ma going to do and the needs and therequirements that are required for the development of my idea.Then, I started to think about how can I certified my product, services regarding my idea in statewhere the services and product is provided by me.Creation of business plan, I consider the financial issue that may be faced by me in developmentof my idea but there are various aids provided by the government and by the bank to start up thesolar system product like SUNBRELLA. I also focused on where I will find customer at aminimum (Winnicott, 2012). Then I considered cost of the product, Customers, contacts and contracts in my business plan.Get started with business plan so that to provide better services and better product that willreduce the burden of the customer. After that considered the installation process like how the product of solar system will beinstalled and what are the issues that are faced by the customer in future.Get a solid customer base is the another important aspect that required to consider. For organisedvarious seminar and programmes so that can provide information regarding our product to thecustomer (Venkatesh and et. al., 2013).Utilization of social media help to improve our customer base. Social media help in to providethe updated knowledge about the services that are being provided. My theories are -Opportunities- there are many financial opportunities available to start up the business ofsolar system. Government and the banks are the main source to provide the financialassistance to the solar system business.Venture development- this business will help the section of the society and it has a greatimpact over the society and people will get attracted toward the business of solar system.Section 2The types of opportunitiesThere are many opportunities available for solar system business.
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