Assignment 6A - Identifying Opportunities in Economic & Regulatory trends
Economic Opportunities:
1. Opportunity: I believe there is an opportunity to build an exporting business that aids a variety of companies export their products overseas.
Where I found it: https://commercial.jpmorganchase.com/pages/commercial-banking/executive-connect/six-key-economic-trends
Why do I believe this opportunity exists?: I believe that this opportunity exists because, according to the article, the global GDP expansion rate is projected to increase .25% from last year. This in addition to the decrease in quantitative easing overseas is expected to aid in the restoration of balance in currency exchange rates. This would increase the competitiveness of American products overseas. This would mean that more American companies would want their products overseas, this would require them to export their products.
The prototypical customer: An American business that ships their product overseas
Ease of exploitation: This opportunity would be relatively difficult to exploit. The reason I believe this is because a large amount of money and time would be required in order for me to plan and build the business. By the time the business would be up and running the opportunity may no longer be there.
Why I see the opportunity: I saw this opportunity because of the way my economics professors taught me to think about economic trends. I was taught to have a “If this, then what?” type of mindset. When I viewed this article I asked myself “If this is the current economic trend, then what can happen as a result of it and how can I exploit it for my own gain?”.
2. Opportunity: I believe there is an opportunity to enter the construction industry in areas such as Florida, Texas, and Puerto Rico.
Where I found it: https://commercial.jpmorganchase.com/pages/commercial-banking/executive-connect/six-key-economic-trends
Why do I believe this opportunity exists?: I believe that this opportunity exists because of the frequency of natural disasters in the past year. Natural disasters have devastated a variety of areas. Countless homes and buildings need to be rebuilt in a number of areas. Construction companies are needed to rebuild those structures.
The prototypical customer: Owners of structures that were affected by natural disasters.
Ease of exploitation: This opportunity, just as my last one, would be difficult to exploit because of the time and money required to start the business. This opportunity, however, may not be as time sensitive as the last one because it would take a fair amount of time for all of the affected areas to be rebuilt.
Why I see the opportunity: I see this opportunity because both my family and I have been through a number of natural disasters. I have been a witness to more hurricanes than I can remember, and can vividly remember the damage left behind. I clearly remember walking out of my door after a hurricane and seeing a car narrowly escaping a falling tree. I know the damage that natural disasters can cause.
Regulatory Opportunities:
1. Opportunity: I see an opportunity to enter the tobacco market with vaporizers and e-cigarettes.
Where I found it: https://www.brookings.edu/interactives/tracking-deregulation-in-the-trump-era/
Why do I believe this opportunity exists?: I believe this opportunity exists because of the popularity of vaporizers and e-cigarettes. Smoking has been around for countless years, and though popularity has gone down since the early to mid nineteen hundreds, smoking and its associated products are still very relevant. According to the article, the deeming rule will give the FDA regulatory authority over tobacco products including vaporizers and e-cigarettes. This has already stirred trouble for vaporizer giant JUUL. The company is currently at a very real risk of being shut down due to issues with their products being used by minors. This leaves a place in the market for a newcomer.
The prototypical customer: Users of smoking and tobacco products
Ease of exploitation: This opportunity would be relatively easy to exploit. The start up of a smoking and tobacco company would not require as tremendous of an amount of money or time as the opportunities I listed earlier. Customers of the products also develop nicotine addictions. Brand loyalty will likely be good as a result.
Why I see the opportunity: I see this opportunity because of how frequently I see people smoking. I cannot go a day without seeing someone exhale a cloud of smoke. Vaporizers such as JUULs are finding a home in the pockets of a surprising number of young people.
2. Opportunity: I believe there is an opportunity to develop a system that generates sound in hybrid and electric vehicles at low speed.
Where I found it: https://www.brookings.edu/interactives/tracking-deregulation-in-the-trump-era/
Why do I believe this opportunity exists?: Noise requirements are going to be put into place for hybrid and electric vehicles. This is to ensure that those who are visually impaired are aware that hybrid and electric vehicles are nearby because they do not generate a lot of noise at low speed. Car manufacturers are almost always looking to cut costs. Developing a system to meet the incoming noise requirement means that car manufacturers do not have have to spend time and money in the development of their own system.
The prototypical customer: Manufacturers of hybrid and electric cars
Ease of exploitation: I believe this opportunity would be relatively easy to exploit. The development of a sound generating device would not be too costly or time consuming. Production and distribution would likely be smooth as well depending on the final design of the product.
Why I see the opportunity: I see the opportunity because I am very passionate about cars. I am familiar with how car manufacturers operate. They are always trying to reduce costs. If you look at the current Mercedes C, E, and S class cars they look like small, medium, and large versions of each other. This isn’t by accident. Having cars share parts reduce costs. The development of new bodies and interiors is costly.
Economic Opportunities:
1. Opportunity: I believe there is an opportunity to build an exporting business that aids a variety of companies export their products overseas.
Where I found it: https://commercial.jpmorganchase.com/pages/commercial-banking/executive-connect/six-key-economic-trends
Why do I believe this opportunity exists?: I believe that this opportunity exists because, according to the article, the global GDP expansion rate is projected to increase .25% from last year. This in addition to the decrease in quantitative easing overseas is expected to aid in the restoration of balance in currency exchange rates. This would increase the competitiveness of American products overseas. This would mean that more American companies would want their products overseas, this would require them to export their products.
The prototypical customer: An American business that ships their product overseas
Ease of exploitation: This opportunity would be relatively difficult to exploit. The reason I believe this is because a large amount of money and time would be required in order for me to plan and build the business. By the time the business would be up and running the opportunity may no longer be there.
Why I see the opportunity: I saw this opportunity because of the way my economics professors taught me to think about economic trends. I was taught to have a “If this, then what?” type of mindset. When I viewed this article I asked myself “If this is the current economic trend, then what can happen as a result of it and how can I exploit it for my own gain?”.
2. Opportunity: I believe there is an opportunity to enter the construction industry in areas such as Florida, Texas, and Puerto Rico.
Where I found it: https://commercial.jpmorganchase.com/pages/commercial-banking/executive-connect/six-key-economic-trends
Why do I believe this opportunity exists?: I believe that this opportunity exists because of the frequency of natural disasters in the past year. Natural disasters have devastated a variety of areas. Countless homes and buildings need to be rebuilt in a number of areas. Construction companies are needed to rebuild those structures.
The prototypical customer: Owners of structures that were affected by natural disasters.
Ease of exploitation: This opportunity, just as my last one, would be difficult to exploit because of the time and money required to start the business. This opportunity, however, may not be as time sensitive as the last one because it would take a fair amount of time for all of the affected areas to be rebuilt.
Why I see the opportunity: I see this opportunity because both my family and I have been through a number of natural disasters. I have been a witness to more hurricanes than I can remember, and can vividly remember the damage left behind. I clearly remember walking out of my door after a hurricane and seeing a car narrowly escaping a falling tree. I know the damage that natural disasters can cause.
Regulatory Opportunities:
1. Opportunity: I see an opportunity to enter the tobacco market with vaporizers and e-cigarettes.
Where I found it: https://www.brookings.edu/interactives/tracking-deregulation-in-the-trump-era/
Why do I believe this opportunity exists?: I believe this opportunity exists because of the popularity of vaporizers and e-cigarettes. Smoking has been around for countless years, and though popularity has gone down since the early to mid nineteen hundreds, smoking and its associated products are still very relevant. According to the article, the deeming rule will give the FDA regulatory authority over tobacco products including vaporizers and e-cigarettes. This has already stirred trouble for vaporizer giant JUUL. The company is currently at a very real risk of being shut down due to issues with their products being used by minors. This leaves a place in the market for a newcomer.
The prototypical customer: Users of smoking and tobacco products
Ease of exploitation: This opportunity would be relatively easy to exploit. The start up of a smoking and tobacco company would not require as tremendous of an amount of money or time as the opportunities I listed earlier. Customers of the products also develop nicotine addictions. Brand loyalty will likely be good as a result.
Why I see the opportunity: I see this opportunity because of how frequently I see people smoking. I cannot go a day without seeing someone exhale a cloud of smoke. Vaporizers such as JUULs are finding a home in the pockets of a surprising number of young people.
2. Opportunity: I believe there is an opportunity to develop a system that generates sound in hybrid and electric vehicles at low speed.
Where I found it: https://www.brookings.edu/interactives/tracking-deregulation-in-the-trump-era/
Why do I believe this opportunity exists?: Noise requirements are going to be put into place for hybrid and electric vehicles. This is to ensure that those who are visually impaired are aware that hybrid and electric vehicles are nearby because they do not generate a lot of noise at low speed. Car manufacturers are almost always looking to cut costs. Developing a system to meet the incoming noise requirement means that car manufacturers do not have have to spend time and money in the development of their own system.
The prototypical customer: Manufacturers of hybrid and electric cars
Ease of exploitation: I believe this opportunity would be relatively easy to exploit. The development of a sound generating device would not be too costly or time consuming. Production and distribution would likely be smooth as well depending on the final design of the product.
Why I see the opportunity: I see the opportunity because I am very passionate about cars. I am familiar with how car manufacturers operate. They are always trying to reduce costs. If you look at the current Mercedes C, E, and S class cars they look like small, medium, and large versions of each other. This isn’t by accident. Having cars share parts reduce costs. The development of new bodies and interiors is costly.
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