29.01.2013 Views

University of Vaasa - Vaasan yliopisto

University of Vaasa - Vaasan yliopisto

University of Vaasa - Vaasan yliopisto

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Rationale and Start up<br />

824<br />

In this case, our ecopreneur’s background suggests little to prepare her for<br />

entrepreneurship but she does describe herself as being, “quite into eco stuff” - and is,<br />

by her own admission, not simply the driving force behind ecocabin but the “the only<br />

force.” Her rationale for launching ecocabin is very clear: “Flexibility was the real<br />

driving force: lifestyle issues.” She wanted to find some way to both contribute<br />

economically and care for her daughter and family. Starting her own business<br />

seemed the only option - but - that business had to be grounded in environmental<br />

sustainability. Eighteen months later, the business opened under the Ecocabin banner,<br />

although Kate describes herself as “too altruistic” to have a trademark. She reports<br />

that, although “people said to expect 35% lettings in year” (breakeven,) Ecocabin<br />

achieved 70% occupancy in its first year <strong>of</strong> trading.” It has continued to perform at<br />

levels exceeding this.<br />

Business Skills<br />

The comments above illustrate this ecopreneur’s precedence for a “lifestyle” rather<br />

than a “business.” She asserts “I have an anti-business strategy – and I have the long<br />

straw, I live here all the time.” However, there is also business acumen - she<br />

describes the challenge <strong>of</strong> “balancing an eco business and marketing it to be<br />

appealing.” The target market is also clearly defined: - “those who are time poor but<br />

have a relatively high disposable income... They can pay me for the time…” She is<br />

also clear about her pricing strategy - “I wanted to compete – not be elitist – but<br />

maintain higher rates than traditional cottages.” However, those rates are not set to<br />

increase by anything other than an inflationary measure, even in the face <strong>of</strong> demand<br />

outstripping supply. Her rationale? “If I go significantly higher, I will get people I<br />

don’t like.”<br />

Future Developments<br />

Significantly, and despite continued excellent success in the venture, Kate has no<br />

desire to grow the business. When prompted to replicate Ecocabin and thus generate<br />

greater income, her response was “I definitely won’t build another one – money<br />

doesn’t drive me… Ecocabin will tick over nicely and I’ll have more time when the<br />

children are at school.” However, she continues in perhaps typical entrepreneurial<br />

spirit: “I’m going to be a writer next.” Her business goals appear low-key, but are<br />

perhaps, simply realistic: “a network <strong>of</strong> people coming back; a loyal set <strong>of</strong> customers;<br />

and further development <strong>of</strong> the eco – perhaps wind-turbine/photo-voltaic power.”<br />

Major business growth, per se, does not figure.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!