Forming An Opportunity Belief

1)     I do have a belief that an opportunity exists in this world. There are several opportunities that are all around us and it can simply be just getting up in the morning!

2)     My belief is that a radio (more specifically in vehicles) can include a decibel reader to alert hearing impaired drivers or passengers of high frequency waves while in a motor vehicle. This is an unmet need of those who are hearing impaired and has been an issue for many decades – if not longer. This need is currently being met with apps and small decibel reader devices available. Many of us are encouraged to put our phones down while driving and if a hearing impaired driver is alone in the car, it is unsafe to pull out a phone and enter an app for reading decibel sounds. Hearing impaired drivers just have to mentally take note of a “good volume” in the car while traveling aside from apps and device assistance. Decibel devices are fairly expensive and not always needed in daily life if other devices can help monitor hearing such as hearing aids. I myself have had some experience with a decibel device only through my hearing specialist during a project I did in middle school. Otherwise, I do not own one or work with such a device regularly. I would say that I am fairly certain this opportunity exists and may be developed some day as a feature in future vehicles. I would state that I am 89% positive this opportunity exists.

3)     The prototypical costumer would be any individual with a hearing deficit that may need assistance. I would also think that any individual who would like to protect their hearing (may not have a discrepancy) for as long as possible may also be prospects.

4)     I interviewed three people. A friend of mine who is fully deaf, my hearing specialist, and a random costumer of my hearing specialist.

5)     I learned that my opportunity is out there but may be harder to reach than expected. The opportunity is doable but would be years of process and trying to get vehicle companies on board in adding this feature to a future model of a vehicle. I also learned that with the limited work of vehicle making in select areas in North America may also affect the efficiency of this feature. What surprised me the most, as I had not thought of it that much, is that would mean any prototypical costumer would have to purchase a new vehicle solely for this feature. This newfound knowledge certainly gave me a different outlook on my opportunity.

6)     I interviewed three people. A friend of mine who is fully deaf, my hearing specialist, and a random costumer of my hearing specialist.

7)     Part of my original opportunity is still there. However, I am feeling much more struggle to have a solid base for this opportunity. I would like a solid idea, efficient approach, and a relatively reasonable process. Right now the process part has shifted vastly since my initial opportunity began. I may find another approach that will work for this opportunity but it is not coming to light currently. With that being said, I find my opportunity is less accurate now than it was when I began. I do think entrepreneurs do have to adapt but be able to balance staying firm as well. If an entrepreneur is not able to adapt then their idea may not be accepted or ever take off. But I think it is important to be firm in your belief and not have someone else take over and change your entire vision “in your best interest.” I think this can lead to money discrepancy later on and product production claim struggles as well. It is important to listen to prospective customers but keep yourself driven and have a plan. I am adapting and changing the outlook on my opportunity but staying firm in my belief and feeling that this feature should be available to prototypical customers.