ENT3003 Assignment 1D Test

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6A – Identifying Opportunities in Economic & Regulatory Trends

Opportunities in economic trends 1. Home building in the United States has reached its highest levels since June 2007. I found this opportunity/economic trend in the Wall street Journal. I believe this information presents an opportunity as there somehow has to either be an increase in supply or building efficiency to meet this higher construction demand. The prototypical customer would be real estate developers. I think this opportunity might be difficult to exploit as the real estate development business has high barriers to entry.  I saw this opportunity because I believe the housing market will continue to be successful going forward, whereas some people thing an economic recession is coming soon.  2. This past summer, job openings slowed as the labor market cooled down. I found this opportunity in the Wall Street Journal. An opportunity exists as a slowing labor market means theres a growing supply of labor. The customer is labor employers. The opportunity coul...
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29A – Venture Concept No. 2

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1) My venture concept is to open a new gym facility that's accessible to college students in the Gainesville, Florida area. My concept is a great opportunity due to the limited options students have when it comes to selecting a facility. Currently, there's only one main gym, Southwest Recreation Center, and it's always packed due to the number of students trying to use it. This disincentives exercise and makes the whole workout experience unenjoyable as there's always people close to you and you always have to wait an unreasonable amount of time for equipment. If a new facility was created, students would flock to it in an attempt to avoid the crowds that come along with the current facility, and the venture would experience great success. This new venture could take advantage of the current low rate environment by taking on a low cost of debt. 2) I received a lot of good feedback based on my previous venture concept description. Many of my classmates brought to my at...
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4A – Forming An Opportunity Belief

Beginning point  I believe there is an opportunity for more gym space at the University of Florida Describe your belief The unmet need at this university is excess weight room space. Students at this university have this unmet need, as they experience long lines and crowded spaces whenever they use the limited weight room space available. The need has come from a combination of a growing student population and a fixed amount of weight room space. In an attempt to meet this need now, students are trying to go to the gym during times of the day where its least crowded, at the expense of having the freedom to go whenever they want. I am 95% sure that the opportunity for more weight room space exists. In order to identify prototypical customers, I surveyed individuals who were at University of Florida's Southwest Recreation Center. Iteration (Customer) No. 1 Answers to Questions: The first customer said that the exact nature of the need is simply for more gym space. They said ...
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