Innovative entrepreneurship is an
ideal field to venture in after university studies. With the growing technology
and various dynamics in the job market, it is important as an engineer to
invest in the field of technology applying the acquired knowledge. Successful
implementation of the business will depend on passion, past experiences and the
impact of the services in the society. Chasing my passion in technology field
will enhance service delivery as a result of commitment and the love of what I
am doing. Past experiences also will be the guiding aspect in all I do. With
this experience acquiring electricity is the main problem in our lives.
Environment is the main resource I will use to solve this issue. I will venture
in producing renewable energy which will be cheap. The best producers of
renewable energy are Solar and wind power. This will be the best business to
start after completing campus.
and Implementation Plan
Successful implementation of business will
require good strategies so that various stakeholders will benefit from the
service. Quality and efficient service delivery are necessary to allow our
potential clients appreciate the services we deliver. The unique nature of our
products also makes it advantage over the competitors in energy sources
industry. Solar energy is the cheapest source of energy once the initial cost
is covered. Its durability and environmentally friendly nature make it the best
power source (McKeever 17). Unlike natural gas and petroleum products which can
be depleted, this power supply is ideal as an alternative to other energy
sources. To be different from other investors, I will pursue my business plan
and ensure the company succeeds and does not undergo any challenges that
threatens it’s working.
Challenges are in every business, and it is
important to ensure that various problems are handled before the company
collapses. The growth of the industry is also important as this will generate
more revenue and allow the expansion and the scope of the business. A key
milestone in my business will be the ability to design and produce our own
energy cells and ensure they are affordable. Measurement of the milestone
achievement will be based on our customer's satisfaction and the generated
income from our products services (Abrams 18). Risks for the planned solar
installations and supply venture include competition from established
industries and high operation cost. To
tackle such challenges risk mitigation is necessary so that the collapse of the
business is avoided by ensuring operations are carried out efficiently to
minimize wastages. Qualified personnel will also be employed in the company so
that they can advise the company on significant matters concerning the
operation. As a startup also, capital invested should be reasonable to avoid
the financial issues that might interfere with the business.
Ethical practices should be the main
controller of a business. Such ethical operations include being responsible for
our actions and meeting our clients' demands. Professionalism's is also
important while carrying out the installations and safety of our customers and
workers should be our priority. My mentors are Mark Zuckerberg who developed
the well-known Facebook site and Jeff Bezos the leading entrepreneur. Ability
to create solutions and offer best services in the world is worth emulating. As
an entrepreneur, I aim at developing cheap energy to be used for long term
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