Friday, April 10, 2020

Venture Concept No. 1

Have you ever found yourself sitting in traffic wondering if everybody just drove the speed limit, why is this an issue?

Traffic Hotspots Cost U.S. Drivers Billions, Study Shows ...


Unfortunately, there is no simple singular solution to this age-old problem. Whether it's car accidents, "rubbernecking", or any other of the countless causes of congestion, it's very frustrating as a driver. Thus, this presents an opportunity for innovation into attempting to mitigate this problem that a lot of us go through on a daily basis. That's where I believe my venture concept can come into play.

Opportunity

  • The primary occurrence of this problem seems to be for those commuting to and from work, in the busiest corridors of the more crowded cities. This is really a cause and affect to me, as these are only the more congested corridors due to the lack of solutions to the in these busier areas. 
  • Secondly, students that commute to and from schools, especially at the higher level education level experience this in and around their campuses. Again, this is something that stems out of causation and is not necessarily a required outcome in my opinion with a few minor changes.
  • Lastly, are those who drive regularly as their occupation, such as truck drivers or Uber/taxi drivers. These are the people who experience this more than others and generally it can be not as circumstantial and not always in the same place, further emphasizing the underlying issue. 

Innovation 

As I stated before, there is really no simple solution and so my concept is more of a mitigation plan that is comprised of three pieces all of which are already existing in one place or another:
  1. The first component is rather simple, which utilizes pre-existing means of public transportation. The two primary pieces of this would be first off, to promote the usage of bussing and make it more accessible in the more congested areas. Furthermore, enhancing transit via railway would cut down on a portion of the longer-distance issue that the likes of truck drivers experience.
  2. The second piece of this would be the somewhat more uncommon practice of carpooling, which is already used in some larger cities such as Atlanta. Promoting this via means such lowered gas prices as well as certain lanes on highways only accessible to those with more than one passenger in the car, would encourage commuters to lower the number of cars on the roads.
  3. The final aspect of my venture would be the most innovative, but something I was exposed to in my hometown of Tampa. That is an overpass that connects over the busier corridors, that allows drivers to avoid lights and would in theory allow for a more free flow of traffic.

Venture Concept 

The "secret sauce" for my venture sounds somewhat cliche, but the culture we would create and demand our employees uphold would be the most vital component to our success. That is something that is relevant to any venture in my mind, and any project I would undertake this would be the essential framework. The next step for the potential project would be to research and begin seeking the necessary funding, as this would undoubtedly be a significant financial investment. Moreover, we would seek to generate that financing from both private entities and governmental resources. Lastly, from a personal perspective, I would have to assess whether this is a project worth undertaking. Furthermore, the size of something like this would be something I must know what I am getting in to and gather all of the necessary resources and weigh my options to make the most educated decision. 

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