Opportunity
My opportunity presents a fear-based need for the ultimate greater good on several levels, ranging from personal to global. This idea will allow for people to live more sustainable lives; contributing to the betterment of our environment through very minor lifestyle adaptations. This will apply to anyone who is interested in being apart of the widespread solution to combat environmental pollution, and all of the issues associated with the matter. Ideally, there should be no limits to this market, as everyone should be concerned about the state of our environment in both the short, and long-term futures. However, this is most likely to appeal to those living in coastal areas, or areas with large bodies of water in proximity. As it stands, most people are not living sustainable lives due to the minor inconveniences associated with the lifestyle. Using plastic bags or single-used plastics such as straws or utensils require no effort. With simple educational practices, more people can be informed on the dangers associated with this lifestyle. This, in turn, would hopefully lead to awareness on the topic, subsequently followed by changes such as using re-usable bags and purchasing sustainable products such as water bottles and metal straws. The window of opportunity for my idea is not necessarily small, but the quicker people transition, the better. The products I am proposing are not perishable, and can be used for several years. However, our environment simply cannot sustain much more pollution caused by human ignorance.
Innovation
I have focused on some of the most important items regarding environmental pollution; cups, straws, bags, and water bottles. In order to create a base, I will be hosting weekly beach-cleanups for initial exposure to my idea/brand. Through these events, I will be educating people on the dangers of plastic pollution, and the simplicity behind living a sustainable lifestyle. Most people are just simply unaware of these things, and will surely not be opposed to the idea of doing their part to assist with our efforts to restore our environment. The products on display will be metal cups ($6/per cup, $30/per pack of 6), metal straws ($5), reusable hemp bags ($10), and stainless steel water bottles ($25). Along with this, I will be sending 20% of the profits to a separate "beach-clean up fund" that will assist with all the materials needed to host the weekly beach clean-ups.
Venture Concept
This idea heavily relies on the notion that people are willing to switch their lifestyle habits for the betterment of themselves, others, and our planet as a whole. As I previously stated, the main issue associated with this venture is convenience. It will take time for people to avoid using plastic bags at supermarkets or using plastic straws at a fast-food restaurant. Therefore, the switch will require some time, but it is surely not impossible.
Once people are exposed to the idea, their habits should become sustainable. As it stands, there are not many competitors in this field. However, cost could be an issue for people. Plastic bags and straws are virtually free, while sustainable products will typically cost slightly more, as they are more durable and reusable.
Packaging is an interesting point in this venture. In accordance with my sustainable solutions, I would like to ensure the packaging of my products is also sustainable and recyclable at the very minimum. In terms of business development, in the early days I would like to solely rely on exposure through environmental awareness events. Eventually I would open a website to display my products. The ultimate goal would be to open a brick-and-mortar location.
The Minor Elements
I would say my most important resource is my passion for being ethically responsible, and my knowledge on the topic of environmental pollution. Many businesses today are not interested in ethical business practices, and at times have little to no interest on the very own products they are selling.
The next step in this venture is establishing a customer base and simply gaining more exposure. I believe my idea is worthy of success, but without the ability to reach people, this idea will never come to fruition.
Down the line, I hope to continue with this project. I would like nothing more than to educate and spread awareness on this issue until there are proven results. Hopefully five years from now this will be a full blown company recognized for our sustainable practices and dedication to serving our environment.