Venture Concept No. 2

What is an opportunity?

     An opportunity is an occasion or situation that makes it possible to do something that you want or have to do. Simply put it is the possibility to do something.

     The opportunity that I chose to pursue are to those who have plants that need to be watered and often forget to water them (All ages). It can also be for those who need a place to put their phone if they lose their phone (The reason I say it can be a place for your phone because I could add an app to the phone that could keep tabs on your indoor watered plant). I have both of these issues because I have terrible short term memory so I can forget things too easily.

     My opportunity allows plants to grow so it will positively affect the natural environment while also easing the social environment by not losing phones or forgetting to water your cherished plant(s). Although I might be changing it so that you don't need to place your phone near the plant in case of sun damage or the phone being 'lost within the base of the plant if the plant is leafy' which are a few good points I received.

     My marketed idea is for all ages and can be used pretty much anywhere. Even better if in humid environments.
     My opportunity is not very large as it's a placeholder for phones and waters plants.
     My window of opportunity will almost always be open as long as there are forgetful types of people living who also have plants and need a place for their phone.

What is innovation? 

     Innovation is the creation or alteration of a method or from a new idea.

     My product is rather incrementally innovative as I do take what is already been created but altering them in a way to involve your phone to keep you checked up on the progress on your watered plant. It's like a swiss army knife but for your phone and indoor plant.

     My product is a structure that will be able to hold your phone on the side as you charge it or use it as a placeholder. As your phone vibrates from a text, alarm, call, candy crush invite notification (you name it) the vibrations will travel through the thin metal casing and to a canister that contains water for a plant right below it. The vibrations will cause water to trickle down the dense filter below the canister to water your plant. After a certain set amount of water has passed through the filter no more water will pass. If you forget to refill the canister with water there will be a small graham condenser that will take the humidity from the air and condense it into water inside the canister. his product will allow a place for your phone and as you place your phone there it will also water your plant. 
     This is my first attempt at my idea so it will have many flaws. Ideas that I have received from interviews and my last concepts review  would be to have it so you don't need to place your phone on the place structure. Problems that may occur would be phone damage to UV rays, being lost within a leafy plant, forgetting to place your phone on the structure, or just not knowing whether your plant is doing well or not. The main way to fix all of these issues would be to have an app that would remind you about the care of your plant, tips to help it grow, and some of the fine details about the current conditions of the plant.
    As for cost, it hasn't been worked out yet but I would definitely make it less than 50$ an hour for teaching people how to play the piano. Let's say, 20-30$?

     Possible problems? I've discussed the issues a few paragraphs above.

     Here a a few links to help describe the product some more: http://thisisnotawkward.blogspot.com/2016/03/elevator-pitch-no-3.html

http://thisisnotawkward.blogspot.com/2016/03/amazon-whisperer_27.html

Venture Concept

     Customers may switch to my product because it will be knew and look very different from other self-watering plants as it will also tell you how your plant is doing from an app that would be connected to the plant's casing telling you things like water concentration, nutrition in the soil, or the amount or lack of sunlight your plant may be getting. It may be hard for people to switch to this because it is new and sounds difficult but I'll be fine with a slow switch, to let people get used to the idea first.
     Competitors will be all those who create self watering plants. Their weakness would be the fact that my connected app ill give details about the plant while other competitors don't do this (from what I'e researched).
     The role of my product in packaging, price, distribution won't really define my product (although I would try to make it as cheap as possible and not do it just for the money; reasonably) but the role in customer experience and support will be defining as m product will give a new experience to the customers and the support will be tailored for their product rather than trying to get them to buy my other products in the making. Nothing has changed here.
     To support this ongoing business I would hire employees that would help me build the product as well as giving the company more ideas to change the product to make it even better as well as ideas for new products.


Three minor elements
(Nothing changed here)

My most important resource? How the idea is put together itself. I would need to create it to know what would be even more important first hand.

What's next? I'm going to try and think of other ideas that include a G.R.E.E.N addition for the natural environment but also incorporates something social or fun.

This venture will help me decide if I'm the right fit for being an entrepreneur. I don't see myself working to at this company in the next five years because I would be selling it to someone more passionate about it.


Feedback
(The main points of feedback)

1. There are already other self watering plants or people who have jobs watering plants.
2. Sun damage from having the phone on the structure near the sun all the time.
3. Phone being lost in a plant too leafy.
4. That people love plants and plants love them.
5. If the phone has to be on vibrate or not.
6. Moving to a larger city to make a greater impact.
7. People actually forget to water their plants and this product peaked their interest.

What I changed?

     I made it so you wouldn't need to have your phone on the product for it to work. Instead the plant would continually water itself with the addition of an app that wold allow you to know what conditions it is in such as sunlight intake, water concentration, nutrition in soil, etc. Basically I have moved the phone away from the plant so the owner wouldn't have to remember putting the phone on the plant to water it ans so they would know how their plant is doing from reminders and on the go.

(Me when I finished this venture concept)