Identifying Opportunities in Economic & Regulatory Trends

Economic Trends

 First Opportunity

In a world of technology, AI has been gaining a lot of steam and is trendy. I believe that an opportunity exists amongst the google homes and Alexa's. How I perceived this opportunity is by reading about how popular AI is now, especially with the home technology goods. The prototypical customer for a device that is similar to an google home or Alexa would be between 15-60 in age. It would be rather difficult to exploit this opportunity because you will have competition with some top technology companies. I formed this belief by seeing what is around me, technology is everywhere. Many people that I know have similar products and there isn't that much competition, but they are some heavyweights in their division.

Second Opportunity 

There has been a lot of natural disasters and even though it's terrible, opportunities exist there. I read articles about all of the disasters that have been happening and how many cities are still in rebuilding mode. Living in Florida and seeing the effects of these disasters has helped for me see the opportunity. After being affected by a disaster, the market would be searching for people to rebuild. A prototypical customer would be someone that has been affected by a natural disaster. I think it would be easy to exploit because there will always be disasters. With the outcome of a disaster, there will always been a need for rebuilding. My step father use to run a business similar too this, and it has helped me come up with the opportunity.

Regulatory Changes

Third Opportunity

There has been deregulation's happening to areas of environmental protections. With these protections being deregulated, there will be opportunities. I've gained this information from articles and governmental websites. I think this opportunity will exist because even though there are deregulation's of the protection for the environment, people will still want the protections to be done. I likely customer for this opportunity would be someone that is interested in saving/protecting the environment. I'm a big believer in environmental protections and that's what helped with this opportunity. Without these protections, animals could go instinct. I think this opportunity would be easy to exploit because I think people care about the earth and there isn't much competition.

Fourth Opportunity 

With many states now legalizing cannabis, there may be opportunities. The market won't be huge and there may be some needs. I gained this information by reading articles and looking at all the states that are looking to legalize cannabis. A prototypical customer would be someone that has medical issues, or even someone that wants to do it recreationally. There's many advocates for this change and after seeing so many approve has led me to this opportunity. The opportunity would be easy to exploit because of the amount of advocates there are. I have family members that live out of state that do cannabis recreationally legally in there states and I know people who use it for medical here in Florida. By just seeing the vast numbers of people that use cannabis, has helped meme think of the opportunity .