- According to The Balance, one economic trend is that health care occupations account for 18 of the 30 fastest growing occupations. One reason for this is because of America's aging population. This information suggests that there is an opportunity in the health care field, whether its developing new medical treatments or even developing new/better medical insurance policies. The prototypical customer for this opportunity is anyone who needs health care services, however, that is primarily made up of older people. This opportunity could be both difficult and simple to take advantage of. First, it means there is a higher demand for medical personnel and it isn't overly difficult to become an RN. However, if one were to take advantage of this opportunity by developing a new medical treatment, it would be far more difficult and require extensive medical knowledge.
- Another economic trend, according to The Balance, is that Baby Boomers are not retiring. This means, Baby Boomers are not leaving the job market so Millennials are forced use technology to create new jobs or working several part-time jobs. This results in the opportunity to develop a service that helps the younger generation develop skills to make them more attraction in the job market. The prototypical customer would most likely be people in or recently out of college. It could also include anyone looking to build their skills for a new career. This opportunity seems simple on the surface but would require quite a bit of work.
- One recent regulatory change includes the recent trade deal with China, in which China agreed to increase their purchases from American farmers. In the deal, Trump also agree to cut tariffs on products imported from China. This creates an opportunity for farmers to bounce back and sell their goods.
- Another regulatory change is the ban on plastic straws. Bans on these straws are becoming more widespread, as we see here in Gainesville. However, this results in the use of paper straws which are often disliked. This creates an opportunity for people to create and sell reusable straws.
I saw these opportunities because I always try to stay up to date on news and be aware of what is going on around me.
Hi Veronica.
ReplyDeleteI found your second opportunity to be so interesting. While I understand the reasons for not retiring I can definitely say I don't want that for me. Also, the ban on plastic straws is something I disagree with. Again, I understand the reasons behind it but the replacement is paper which gets soggy and gross. I think that an alternative material needs to be used. Good post.
Hey Veronica!
ReplyDeleteAwesome post, I really liked how you tied the assignment to current events that actually are affecting the world, like the banning of plastic straws and ongoing trade disputes with China. Additionally, your understanding that multiple people can have have a problem and be a prototypical customer based on a single opportunity is commendable, as this allows you to explore multiple avenues of entrepreneurship within a single regulatory or economic shift. Great job!
Hey Veronica.
ReplyDeleteGreat post! I really enjoyed your post as a whole, but especially took interest in your third opportunity. The recent trade deal with China has a lot of possible implications on both the U.S and China, this will give farmers more of an an opportunity to sell their goods and cutting tariffs in general is better for trade.