6A – Identifying Opportunities in Economic & Regulatory Trends
Questions
A) Where opportunity was found (source of opportunity)
B) What leads to believe that an opportunity might exist
C) Who is most likely the customer for this opportunity
D) Is the opportunity relatively easy or relatively difficult to exploit
E) Why did I see an opportunity
-----------------------------------------------------------------------------------------------------------------------
Economic Trends Opportunities
1) Low unemployment rate in the US
Answers
A) http://fortune.com/2018/05/04/unemployment-rate-century-low-percent/
B) This is an great opportunity for employees to fill their unmet needs for a job with higher pay and more fringe benefits.
C) All US workers.
D) I would say it is neither easy or difficult. The process of changing jobs (or even careers) varies drastically depending on a variety of factors, such as: employee's happiness level with current job, pay, location, hours, benefits, perks, etc.
E) I saw this opportunity as I have a few friends who are using this opportunity to change jobs and even careers.
2) Large US companies no longer requiring a college degree
Answers
A) https://www.cnbc.com/2018/08/16/15-companies-that-no-longer-require-employees-to-have-a-college-degree.html
B) This is an opportunity for workers to have a chance to find a job without having a college degree
C) All US workers who do not have time to go to college or do not have the funds for it
D) This opportunity is relatively easy to exploit, all workers have to do is look for job opportunities and apply for them
E) I saw this opportunity as I follow several tech companies on LinkedIn and one of them have posted a similar article explaining this new method adopted by some of these US companies.
-----------------------------------------------------------------------------------------------------------------------
Regulatory Trends Opportunities
1) Tax cut for corporate companies in the US
Answers
A) https://www.bloomberg.com/view/articles/2018-05-25/trump-tax-cut-is-gift-that-keeps-on-giving-to-corporate-america
B) This law passed by President Trump decreases corporate taxes that topped at 35% to a flat 21%. It is an opportunity for all of these companies who are now benefiting by paying less taxes, to invest this money in other areas of their businesses. It is also an opportunity to bring manufacturing operations that had been previously relocated outside the US due to high amount of tax to be paid before this law.
C) Everyone living and working in the US. The companies now have open better job opportunities and some companies have even given employees a generous bonus only because this tax cut. More information about that can be found here:
https://www.usatoday.com/story/money/2018/01/11/list-companies-paid-bonuses-boosted-pay-since-tax-bill-passed/1023848001/
This is the unmet customer (employers and as a consequence employees) need for more money which is something that they were not even expecting.
D) This opportunity is relatively easy to be exploited. These corproate companies don't have to do anything extra, all they have to do is file their taxes as usual but now they will pay less more for it.
E) I saw this opportunity since I work in a small company and this tax cut makes a huge difference when we pay our taxes every year.
2) Medical Marijuana in Florida
Answers
A) https://www.orlandoweekly.com/orlando/did-you-know-medical-marijuana-is-legal-in-florida/Content?oid=12862208
B) Since this law is still in the process of being finalized, an opportunity will exist for manufacturers of this product to make a huge profit once it has been fully approved.
C) All patients who need medical marijuana given their medical condition.
D) It is relatively difficult to exploit given the fact that marijuana can be used for other recreational purposes. So, patients who need it will need to have a medical document that allows them to make the purchase.
E) I saw this opportunity as I work for a cosmetics manufacturing company and I received call/emails every month asking if we make products with marijuana or CBD oil.
A) Where opportunity was found (source of opportunity)
B) What leads to believe that an opportunity might exist
C) Who is most likely the customer for this opportunity
D) Is the opportunity relatively easy or relatively difficult to exploit
E) Why did I see an opportunity
-----------------------------------------------------------------------------------------------------------------------
Economic Trends Opportunities
1) Low unemployment rate in the US
Answers
A) http://fortune.com/2018/05/04/unemployment-rate-century-low-percent/
B) This is an great opportunity for employees to fill their unmet needs for a job with higher pay and more fringe benefits.
C) All US workers.
D) I would say it is neither easy or difficult. The process of changing jobs (or even careers) varies drastically depending on a variety of factors, such as: employee's happiness level with current job, pay, location, hours, benefits, perks, etc.
E) I saw this opportunity as I have a few friends who are using this opportunity to change jobs and even careers.
2) Large US companies no longer requiring a college degree
Answers
A) https://www.cnbc.com/2018/08/16/15-companies-that-no-longer-require-employees-to-have-a-college-degree.html
B) This is an opportunity for workers to have a chance to find a job without having a college degree
C) All US workers who do not have time to go to college or do not have the funds for it
D) This opportunity is relatively easy to exploit, all workers have to do is look for job opportunities and apply for them
E) I saw this opportunity as I follow several tech companies on LinkedIn and one of them have posted a similar article explaining this new method adopted by some of these US companies.
-----------------------------------------------------------------------------------------------------------------------
Regulatory Trends Opportunities
1) Tax cut for corporate companies in the US
Answers
A) https://www.bloomberg.com/view/articles/2018-05-25/trump-tax-cut-is-gift-that-keeps-on-giving-to-corporate-america
B) This law passed by President Trump decreases corporate taxes that topped at 35% to a flat 21%. It is an opportunity for all of these companies who are now benefiting by paying less taxes, to invest this money in other areas of their businesses. It is also an opportunity to bring manufacturing operations that had been previously relocated outside the US due to high amount of tax to be paid before this law.
C) Everyone living and working in the US. The companies now have open better job opportunities and some companies have even given employees a generous bonus only because this tax cut. More information about that can be found here:
https://www.usatoday.com/story/money/2018/01/11/list-companies-paid-bonuses-boosted-pay-since-tax-bill-passed/1023848001/
This is the unmet customer (employers and as a consequence employees) need for more money which is something that they were not even expecting.
D) This opportunity is relatively easy to be exploited. These corproate companies don't have to do anything extra, all they have to do is file their taxes as usual but now they will pay less more for it.
E) I saw this opportunity since I work in a small company and this tax cut makes a huge difference when we pay our taxes every year.
2) Medical Marijuana in Florida
Answers
A) https://www.orlandoweekly.com/orlando/did-you-know-medical-marijuana-is-legal-in-florida/Content?oid=12862208
B) Since this law is still in the process of being finalized, an opportunity will exist for manufacturers of this product to make a huge profit once it has been fully approved.
C) All patients who need medical marijuana given their medical condition.
D) It is relatively difficult to exploit given the fact that marijuana can be used for other recreational purposes. So, patients who need it will need to have a medical document that allows them to make the purchase.
E) I saw this opportunity as I work for a cosmetics manufacturing company and I received call/emails every month asking if we make products with marijuana or CBD oil.
Hi Arthur,
ReplyDeleteI noticed that you also wrote about the legalization of Marijuana in Florida. I think that if it is ever fully legalized the state there will be many business opportunities that people will be able to take advantage of. I also think it would boost certain sectors of our economy such as farming, tourism, and recreation. So looking at it from a purely business stand point I think it would actually benefit the state in many ways.
Hello Arthur,
ReplyDeleteI enjoyed reading your post and it’s interesting to see that large companies are now not requiring a college degree to obtain the job. That’s awesome for those who couldn’t afford school. Now, they can be given the same chance as everyone else who applies. For the most part, those who don’t have a college degree either work a couple of jobs just to get by or live paycheck to paycheck, so this would very beneficial to them. Good post!!
Hi Arthur,
ReplyDeleteI did enjoy reading your post! The opportunities you chose are part of our daily lives. However, I think that the trend to decreasing of the unemployment rate, is a problem that affect our homes and families. If it is true that has been the lowest rate in years, the quality of the jobs for the employees is not the same. The trend of employment is getting part-time jobs, which, in majority, do not offer any kind of benefits. People needs to subsist and, for so, many prefer to have up to two or three jobs.
I also have heard about the initiative of the large U.S. companies of hiring employees without requiring a college degree. But what type of jobs are been offered? For recent high school graduates would be helpful if they are seeking for their superior studies. I would have loved to have this opportunity of working and studying, back in time, when I was seeking my first bachelor’s degree.