Between 2010 and 2016 the rate of #solar dropped over 70%, and from 2006 to now the number of people owning solar technology on their homes increased from 30,000 to over one million. households across America, there is no question that solar and all forms of clean #energy are the future.
A poll commissioned by the Clinton Global Initiative and Microsoft found that 66% of millennials say there is “solid evidence” that the weather is warming, and 75% believe it’s because of human activity. Which is a lot higher than any other generation, and because of this, millennial’s actions and beliefs go towards finding ways to create a cleaner planet.
Earlier this week Forbes published an article that features advice from a millennial solar entrepreneur to other millennials who want to start solar companies, and his message is… “Go for It.”
The message comes from Walid Halty who is the CEO of Dvinci Energy, which is one of the fastest-growing and most profitable companies in the clean energy industry. The company saves clients $45 million in utility bills, and they continue to reduce CO2 emissions by 8,760 tons per year.
Halty is a millennial himself and he follows the story of the college dropout who ended up building a multimillion dollar company to a T. 23-year old Halty founded DVinci Energy about two years ago and has been the force in turning this company into a $41 million company. They donate 10% of their profits to charity and they are scheduled to give over $100,000 in educational scholarships in 2018 and $1 million in 2019.
Forbes article outlines the five pieces of advice that Halty gives to each and every millennial wanting to enter the solar industry.
The first piece of advice from Halty to Millennials when starting a solar company is to play the 90-year game, not the 90-day game. He believes that the top companies like SolarCity, NextStepLiving, NRG Energy and others have adopted a ‘growth at all costs’ model that is unsustainable. Instead, focus on ways to grow the company and help keep the companies mission at its core; don’t focus on cash today.
His second piece of advice is to adopt a “Customer for Life” philosophy, because solar is the future, and it’s very likely that your customers will have solar attached to their property for a long time, and if you can find ways to treat your customers as family and continue to add value to their original purchase then they will continue to choose you over the competition.
“Build community” is Halty’s advice for any entrepreneur, not only solar industry entrepreneurs. What he means by this is that you should create a feeling of fellowship with your employees, customers, and suppliers so they will want to continue to work with you, and for you. Placing value in every single person that helps to grow your business only results in positive interactions inside of the workplace.
“Think exponentially, not linearly” is a piece of advice from the entrepreneur that more business owners in the industry need to think about. Solar is a young industry, and the amount of growth in the industry is unlimited. According to Halty, “Streamlining your process creates more time for everyone to get more done. Question what you do constantly — not from a place of doubt, but rather from an opportunity perspective. On a daily basis, it’s hard to notice exponential growth, because it starts off looking linear. However, if you keep looking back at your progress and ask the right questions, you will begin to notice when things are moving exponentially.
“Build towards your strengths” is an obvious one and is advice that normally comes from life coaches and speakers like Tony Robbins, “Most solar companies will have issues in many aspects of their business, but with a collaborative approach, you can overcome many inherent weaknesses. You don’t win with the best talent — you win with the five players who are able to play well together. During hyper-growth, attitude isn’t everything: it’s the only thing! That’s what we focus on at Dvinci. We align our complementary strengths with our partners.”
If you’re a Millennial wanting to start your own solar company, go do it! The world needs more solar companies!