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 could be tricky to exploit, but shouldn't be impossible. 

I saw this opportunity because I believe a slowing labor market can be turned around more easily than others. 

Opportunities due to regulatory changes

1. Recent regulatory change has resulted in the ban of flavored vapes. I heard about this through word of mouth. An opportunity exists as there was a huge market for flavored vapes that is no longer legal. The customer with the opportunity would be individuals that regularly purchase electronic smoking devices. The opportunity should be relatively easy to exploit. 

I saw this opportunity because it seems obvious to me that theres a huge, lucrative market space needing to filled as a result of this regulatory change. 

2. Minimum wage has increased in the state of California. I found this in the paper. I believe an opportunity exists as small businesses will need access to cheap capital to afford these higher wages for unskilled labor. I believe the customers are small businesses. The opportunity isn't easy to exploit. 

I saw this opportunity as people usually think about the employees, not the businesses when it comes to changes in minimum wage 



Comments

  1. Giovanna MoraesSeptember 22, 2019 at 1:43 PM

    Hi Michael, I did not know home building in the US has reach a peak since 2007. I completely agree with you that this could be a more complicated opportunity to exploit because of how big real estate already is. I also saw that job openings slowed, yet it wasn’t one I posted as an opportunity, interesting to think about. I think you did a really good job at hitting all the objectives.

    ReplyDelete

Post a Comment

Popular posts from this blog

29A – Venture Concept No. 2

Image
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...
Read more

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 ...
Read more