Opportunity Belief

The culmination an opportunity in our society can be quite hard to dissect, however, I believe that an opportunity exists in the automobile industry. These individuals I have witnessed and understood are more intrigued everyday by the growing fuel efficiency and capabilities of electric cars. These cars can be either both electric and gas powered or completely electric, regardless the demand and overall need for them is growing at a substantial rate.

The unmet need that seems be growing is the need and/or demand for electric cars. the individuals who need these vehicles is small at the moment but is growing due to the growing crisis of global ecosystem changes and the safety and affordability generated from electric cars. This need grew and has existed for quite a long time and has only become more popular as the cars become more powerful than existing gas powered vehicles. People are more than willing and are currently do exactly was was expected in terms of purchasing new electric vehicles. I am more than 90% sure an opportunity in this market exists.

I interviewed a few people regarding the if this would fit in there needs during this period.

Cynthia Stephens-a white suburban mother of 3

Exact Nature of the need- The interviewee understood the need was based on the growing demand for electric cars and understood it overall benefits. They became aware of the need and pondered the purchase of an electric vehicle on multiple occasions as it reduced fuel consumption and overall presented a safer option for the family. They became aware of the need upon seeing the reduced cost of the vehicle and the time they were involved in an accident that presented a threat to the children in the vehicle. They are not currently addressing the need, however are more than willing to do so. They are happy with the possibility of acquiring a electric car that can provide for the family needs. 

David Gilliam-an African american father of 2 

The same results were obtained from David concerning an electric vehicle. He provided examples of the need for the vehicle in his home similar to Cynthia. 

Louis Guangzhou-

Louis failed to recognize the nature of the opportunity and was quick to dismiss such a radical change in something he already has. He was unable to recognize that an electric vehicle may be a viable alternative in comparison to a gas powered vehicle.

Liam Nelson-

The overall usage and development of the electric vehicle is something I am willing to dive into as it presents to me and my family an opportunity to reduce our costs and extend our ability to change the world. I truly believe that when I became aware of the opportunity of electric vehicles I was given an opportunity to preserve my families safety.

Reflection: I learned quite a lot about my opportunity and its relevance in the lives of others. I also was surprised at how willing people were to change and how understanding many people were in acknowledging the growing demand for electric vehicles. Overall I feel the interviews went quite well at capturing the public eye.

The original opportunity presented was still pretty much there but was slightly less intact. Many people recognize and pointed out varying flaws in the opportunity and were quick to question its overall growth and sufficiency. I believe that with the adjustments such as maintaining a vehicle with both electric and gas powered abilities.

I truly believe that entrepreneurs should adapt their opportunities based off of customer feedback. This is due to a variety of reasons mainly those stemming from that fact that the customer is usually able to truly disclose what they desire and what the general public desires.