Nicholas Paul Cedarhurst has over 20 years of diverse leadership experience delivering excellence in energy-related sectors. He has served as a master electrician for various companies, such as JPSC, First Energy, KEPCO, and INTERN. As the President & CEO of the most reliable electric utility Futuristic Energy Group, Nicholas is helping his team transform the energy landscape. He is striving to build a cleaner energy future that will support a more robust economy in the long run.
With the help of his team at Futuristic Energy Group, Nicholas Paul Cedarhurst has launched multiple vital initiatives for the Company. His endeavors include the development of a newly envisioned strategic plan, smart metering, and automated system technology. He also focuses on transportation electrification and electric vehicle infrastructure deployment while tripling Futuristic Energy Group’s renewable energy portfolio.
Nicholas is excited to offer dedicated service to his clients and plans to continue the strong commitment to the community. He is working towards building trusted partnerships, propelling growth in the region, leveraging technology, leading environmental sustainability, and driving a culture of empowerment and accountability through Futuristic Energy Group.
With his organizational skills and ability to keep everyone in line, Nicholas Paul Cedarhurst is an essential piece of the puzzle. The ship would surely sink without his drive and enthusiasm. Nicholas is a self-made success story. He started from the bottom and built Futuristic Energy Group from the ground up. He knows that Futuristic Energy Group’s customers are at the heart of what they do, and he is humble and grateful to them. Nicholas genuinely desires to assist his customers in any way he can.
Where did the idea for Futuristic Energy Group come from?
I have always been interested in electrical equipment and supplies, and I chose to become an electrician because it genuinely appealed to me.
I had served as a master electrician for various companies, such as JPSC, First Energy, KEPCO, and INTERN before I joined Futuristic Energy Group as the President & CEO. The main idea behind Futuristic Energy Group is to build a cleaner energy future that will support a more robust economy in the long run. It has been a fantastic experience transforming the energy landscape.
Futuristic Energy Group is a leading electric utility company in the region, providing reliable and affordable electricity to homes and businesses in the community. Futuristic Energy Group is a business that is committed to uplifting the socio-economic trajectories of its community. Driven by a determination to create sustainable development and keep customer-centricity at heart, it has a strong turnaround and growth strategies record. I am focusing on providing innovative solutions to complex electrical challenges.
What does your typical day look like and how do you make it productive?
I am passionate about my work, but I love my family too. I try my best to strike a good balance between my work and life. I try my best to sleep 7-8 hours each night and typically wake up around 6 AM. Seeing the rising sun with a cup of tea is my key to productivity. I get to my office around 8 am and make a ‘things-to-do’ list. I keep ticking off the list to keep myself motivated. A power nap, maybe half an hour after lunch, is a must for me to energize myself and keeps me fully productive till 5 pm. When I am at home, I am with my family. I never discuss or do my office work while at home. All my time is for my family, and this is how it should be.
How do you bring ideas to life?
I don’t have a list of killer ideas; I believe in executing what comes to my mind. Whenever I have an idea, I start by researching and gathering supportive data on the topic. I focus on understanding what else is out there that is similar to my idea so that I can figure out my point of uniqueness and strengthen it. Then I get my idea in front of my team to refine it with brainstorming. The next stage is to put the developed and executable idea in front of the intended audience. Lastly, I reverse engineer my success, followed by the development, publishing, evaluation, and optimization.
What’s one trend that excites you?
AI in the energy sector is the most exciting trend. As with every industry, artificial intelligence (AI) has transformative effects across energy and utilities. It is used to forecast demand and manage the distribution of resources, to ensure that power is available at the time and place it’s needed with minimal waste. This is particularly important in the renewable energy industry, where it often can’t be stored for long periods of time and has to be used close to the time and location where it is generated.
What is one habit of yours that makes you more productive as an entrepreneur?
I am a good planner; I plan things and go by them. I stick to a routine that keeps me from distractions. Planning and having a routine saves me time and energy, making me more productive as an entrepreneur.
What advice would you give your younger self?
I would advise my younger self and anyone to never compare themselves to others and never try to replicate others’ lives. Being unique is key to success. Craft your own path and be yourself.
Tell us something that’s true that almost nobody agrees with you on.
You must have heard people saying money can’t buy happiness, but I don’t see it this way, and almost nobody agrees with me on it. I believe money can buy happiness. Just like the absence of light is darkness; similarly, the lack of essential money creates a vacuum that is filled with unhappiness.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
I channel my expertise and experience to taking calculated risks. For me, if you want to win it, you have to be in it! And this mindset brings success. I have taken risks numerous times in my life; I am not afraid of failures.
What is one strategy that has helped you grow your business?
My strategy for business growth is simple – hire the right people and build a winning team to succeed! This foolproof strategy has always helped me achieve growth and success for Futuristic Energy Group. Without a great team, no company can survive, let alone succeed.
What is one failure you had as an entrepreneur, and how did you overcome it?
When I started, I neglected one major aspect of any business – customer service. When I faced a little setback on this front, I instantly realized its significance and hired an excellent team to manage the customer relationship.
What is one business idea that you’re willing to give away to our readers?
Start a battery production business. Battery production doesn’t require a complex production process. Anyone can start this business in their vicinity, but they need to put pollution control board dictates into consideration. There are two options to choose from, go for either semi-automatic or fully automatic battery production process.
What is the best $100 you recently spent? What and why?
I bought a diamond ring for my wife on our 20th wedding anniversary just yesterday.
What is one piece of software or a web service that helps you be productive?
Google Docs. I keep my ‘things to do’ list in it and share it with my team also to stay on track. It helps me keep track of my goals on a daily, monthly, or even yearly basis.
What is the one book that you recommend our community should read and why?
I love reading books, and the last book I read is “The Only Skill That Matters” by Jonathan A. Levi. It teaches you how to equip yourself with what it needs to take on future challenges. This book will help you both in your professional as well as personal life.
What is your favorite quote?
I read this somewhere, and it clicked, “You are always one decision away from a totally different life.”
- Never try to replicate anyone else’s life.
- Hiring the right people and building a winning team is the key to success.
- Always plan things and then go by it.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.