Brilliant Startup Concept
Smart Electrical Switches were internet connect electrical switches and wall plugs that come with embedded sensors to detect ambient conditions in a room.
The key features of Smart Electrical Switches are:
1. Self learning and swarm Intelligence among switches that minimizes user intervention
2. Provide Detailed consumption analytics of every appliance.
3. Wireless network connectivity removes the need for hardwiring and a wi-fi gateway.
4. Embedded Sensors that measure ambient conditions along with electrical conditions to ensure rapid decision making for switches.
While a mobile app was provided to control the smart electrical switches, the product had been designed in such a way that the end user won’t need to use it
When Shit happened !!
- Start Up – Initiator 95%
- Startup – Planning 75%
- Startup – Execution 15%
- Startup – Monitoring & Control 18%
- Startup – Closure Strategy 13%
- Startup – Other Shits 43%
Why Shit Happened !!
How Shit Could Be Prevented !!
1. Better Business Model :- Better market research and proper understanding of targeted consumer behavior
2. Better Management:- Proper cost and required features analysis
3. Better Finance Management:- Utilization of the funds for all the aspects of the product
4. Other Improvements:- Enhanced human resources involvement, reaching consumers more actively
May the “Smart Electrical Switch” rest in peace.. !!