Friday, January 18, 2019

Opportunity Belief


BELIEFS
Out of the bugs I tinkered with, I believe the idea relating to grocery-carrying bags may be the most applicable.
The unmet need relating to these bags relates to a bag with a strong enough material that has the option of being re-used for its purpose, but not having to be re-used if the consumer does not wish to do so.
Middle class households and their heads are the primary consumers that this bug targets. These people have a stable income that allows spending for an “accessory” item, while being educated to be driven towards an environmentally friendly choice.
This need has always existed, but there has never been a cost-efficient or consumer-appropriate way to funnel these needs.
People often use simple paper bags or reusable options with plastic materials/nylons. Sometimes these options are sold/sponsored by the grocery chains themselves, making them their own niche market. From this standpoint, I’d assume there is about a 20% chance that this opportunity exists; it just depends on the ambitions of the developer and the appeal/marketing to the consumer.


CUSTOMERS
I gathered three prototypical [target] customers that gave some insight related to the opportunity:


Question: How often do you buy groceries a month?
  1. “Two times a week, as I like to keep a fresh fridge.”
  2. “Once a week.”
  3. “About once a week, to try and eat healthy and grab snacks.”


Question: Do you ever use a re-useable bag for your groceries? If so, how much did it cost to acquire such a bag?
  1. “No.”
  2. “Yes, I actually have three! I like to bring them because I have larger loads of groceries since I go once a week, and they can fit more stuff in less bags!” “I just use the store bags, and I think they were about $3 a piece? But I also, get a discount with them!”
  3. “No.” “I don’t feel like buying those bags because I feel as if I would forget to use them.”


Question: If you have/were to have a reusable bag for your groceries, what would be the single most important feature it could have?

  1. “Probably weather-proof. I don’t want to be going out in the rain if I have to and get all of my groceries soaked. That’s gross.”
  2. “I like that they’re more environmentally friendly because I feel bad about having to use so much plastic whenever I went grocery shopping." “Also, since my bags are through the store, I guess another nice feature is that I do get the discount. Makes everything cheaper.”
  3. “Storage because I buy A LOT of snacks. But seriously, it would be nice to be able to possibly separate certain areas in a reusable, aka hot and cold and wet/dry.”


Question: Why do you/don’t you use a reusable bag for your groceries?

  1. “Honestly, I’m just too lazy to buy one and remember to bring it to the store. I feel kind of bad for saying that because I feel like I’m bullying the earth with all the plastic I use. Maybe next time I’ll use paper.”
  2. “They make my life easier and I feel as if I’m helping the Earth a little bit by not using the throw-away bags.”
  3. “I just don’t feel like spending money to buy bags *laughs*. I re-use the plastic bags for trash bins so I don’t feel as bad when I use them to throw things away later in.”


Question: Would you be willing to pay a premium price for bag that offers more capabilities/design than a standard reusable bag offered by a grocery store? Why or why not?

  1. “It depends on what it offers. Also, it can’t look ugly because I’m not walking around the store with some 10 ft. bag that has zebra stripes on it!” “If it was rain-proof and looked nice, then maybe. But it also has to be reasonably priced, because those bags are free at the grocery store for a reason man.”
  2. “Probably not, as I feel as if with the discount given for me, it’s not really worth it. Maybe if the store accepts any kind of reusable bag, and there’s some sort of special pouch that makes everything easier I might think about it. Otherwise, I’m just going to stick my bags that I already have.”
  3. “Nah. I just don’t see the point, since honestly the bags they give out I actually use a lot. So probably not. Unless it’s free too! Or they pay me *laughs*.”


REFLECTION
                I learned that my opportunity is probably aimed at a very specific niche market/clientele. It seems like the need for the grocery bags is already achieved through free efforts that outweigh the disadvantages such as flimsy material structure. The most surprising thing I learned was that most people would not mind to use a bag, simply for the environmental standards/morality. All three interviewees mentioned they felt bad about the amount of plastic used for standard grocery bags, but only one of them really felt the need to take action on their personal beliefs.

SUMMARY
I don’t believe much of the original opportunity is there. I feel as if a large amount of marketing and networking within major food/grocery chains would need to be achieved in order to make the brand effective.
I think the opportunity has gotten more focused than what I started with, as originally I only focused on the material of the bag. It seems like customers would be possibly more focused on the ergonomics and environmental ramifications of its usage/production.
When crowd-sourcing ideas, the core values of the producers should stay the same. If the aim of creating a product is to primarily increase awareness of a subject, then that core principle should stay. If consumers are indicating toward a specific market/area of interest for that principle, then that is where the producer should lean.

My Entrepreneurship Story


Shark Tank Logo.jpg

Entrepreneurship was never a prominent idea in my life. I grew up in a divorced household where my mother encouraged me to be whomever I pleased, while my father stressed his old-school ‘Asian’ values. He aimed for me to chase job security through a career as an engineer. I was torn between two worlds that made theoretical sense but didn’t seem likely to coincide.

What piqued my interest in entrepreneurship was the show “Shark Tank”. I started watching in high school, and although I knew that public television is often highly edited to entertain the viewer, I was keenly interested in the concept of creating “something from nothing”. And by nothing, I meant a single idea.

I never really capitalized on this interest as I felt I did not have the potential, creativity, or drive to come up with something that would really work. I had negative thoughts; “Everything’s already been invented already, hasn’t it?” and “Well, is this really going to even catch in people’s minds?”. A lot of doubt going through my head made me numb and eventually careless about the potential of an idea.

With this mindset, I entered college with somewhat of an idea of what I wanted to do. I started as a chemical engineering major with the pre-med track (ambitious, no?). The first year was a breeze and I focused on social development rather than academic. Once classes for engineering started building during my second year, I realized it was not a major I wanted to pursue. However, with my father paying for my tuition, I blamed the medical side of my desires. I dropped chemical engineering and pre-medicine in order to focus solely on mechanical engineering. After another year of stress, anxiety, breakdowns, and a loss of sleep, I had had enough. I started thinking more of what I wanted to do as a career, rather than what I wanted to major in. I looked into ideas of vlogging, travel, and small businesses before realizing that I simply wanted to create a life that was based around me to help others, rather than being controlled by them.

The premise of this class appealed to me. “ENT3003: Principles of Entrepreneurship”, a fresh start where I could express my ideas and creative thoughts with people to hopefully create a spark to fuel my fire. I am hoping to be able to creatively think and foster the birth of new ideas and concepts. I want to be able to inspire myself and others, and I want to learn as much as I can in order to fulfill my dreams.

Bug List

THINGS THAT BUG ME

1. When looking at weekly ads and specials, there's often no way to create a comprehensive grocery list that allows you to track how much money you will be spending when you reach the store.
- Grocery sites may be more focused on showing deals, catering, or advertisements rather than programming for a grocery list.

2. A lack of easy mobility on campus/around Gainesville that does not require a costly Uber/Lyft ride.
- Gainesville residents may have found personal usage of a bike/skateboard to be more efficient and less costly than pay-to-use mobility within a small zone.

3. A lack of ride-sharing mobility options to reach areas in Gainesville that other people may want to enjoy as well.
- Gainesville residents may not want to share their vehicles/means of transportation without significant reward.

4. A lack of insulation and heating solutions for cold weather within the apartments in Gainesville.
- Gainesville apartments offer cheaper housing rates in exchange for cheaper construction (hence continued renovations on apartments).

5. WiFi connectivity being spotty and uneven within certain areas of my apartment, even when there is not a high usage of the router.
- Routers may not be made efficiently to target larger households/apartment buildings.

6. Lack of participation/response when posting information in a group communication application.
- Members may be not given proper stimulus regarding to the importance/relevance of the information provided.

7. A lack of public information regarding rush hour and certain congested areas, regarding traffic, in Gainesville.
- An inconsistent amount of support delegated to specifically keeping live-traffic updates in check for the mass consumer.

8. The auto-correction feature on iPhone that will consistently turn your own lingo into a "proper" word that does not convey the meaning you want.
- A lack of proper A.I. to recognize slang and acronyms.

9. An increase in bugs and pests within Gainesville apartments.
- A decrease in quality of housing or proper pest control standards.

10. A lack of maintenance response, in regards to time, for Gainesville apartments.
- A lack of work schedule or priority that may ultimately be the management's fault.

11. A lack of shows to watch on television, in regards to having to sift through endless channels to find something interesting.
- A lack of programming to allow for consumers to be given recommended titles/shows based off of past viewings.

12. Continuous "pop-up" advertisements on heavily-visited sites, despite the use of Ad-block.
- A lack of programming regarding control of ad-heavy areas.

13. Filling up your car on gas that is more expensive than the gas station that you JUST passed by on the side of the road that you did not know about.
- Not knowing whether or not it is worth the gas to drive to a different area of town for cheaper gas (mathematically).

14. On-sale items that are sold-out, without warning, at the beginning of a sale!
- Lack of notifications/proper updates due to programming that are overseen and unavailable.

15. Worthless sponges that can not remove grease from used cooking equipment.
- Improper specialization and utility of sponges that may have not been offered to the market yet.

16. Writing with a mechanical pencil that has lead that seems to break every single time if you're not writing from a specified angle.
- Flimsy material for writing that has not been modified to fit consumer preferences.

17. Grocery bags that rip halfway on the walk back to the car.
- A split between cost/relative productivity in regards to the material and quality of the bag.

18. Pet hair that clings to all kinds of furniture and your clothes that you can't get off of yourself.
- Pets are attracted to certain places that could possibly be prevented.

19. Spam phone calls that never seem to let up despite any kind of screening service provided by your iPhone.
- A lack of programming/reporting system that allows calls/numbers to be screened as overused (may breach privacy laws).

20. Not being able to turn vibrate off of your phone, because if you lose it and it is on silent, IT'S GONE.
- A lack of foresight in regards to location of phone applications.



CHALLENGES

This list was tough to make in regards of originality. I have a laid-back personality that doesn't get bothered by too many small things that cause me inconveniences, so it was hard to think of small "ticks" that made me itch. Additionally, I have never really analyzed my own "ticks" the way I have others, so it was interesting to have a more personal basis on what I would see as a problem to fix for the future. The explanations of why these bugs occur was the hardest part as I wanted to think of the core problems of why they existed; however, it is hard to do this without proper knowledge of the subject matter at hand. Next time, if I perform an exercise similar to this, I may want to research more on the topics that I list out, rather than just use my own common knowledge.