Economic
Miami Beach to begin new $100 million flood prevention project in face of sea level rise
Link: https://www.miamiherald.com/news/local/community/miami-dade/miami-beach/article129284119.html
This opportunity was found through a local newspaper residing in the city I used to live in. The article states that there is soon to be a large scale flood prevention project. This project will require many different forms of labor, materials, and logicstical planning in order to be completed. I feel that there is opportunity available in providing one or more of these different avenues. The "customer" in regards to this opportunity is the local state government who will be funding this project. I believe that this opportunity could be relatively easy, as there are many different directions you could go into: such as providing labor, materials, etc. However, it may be hard to get the necessary permits set up in order to sell your services.
Why did I see this opportunity: I have lived in Florida all of my life, and see these types of projects occurring often. I know personally the amount of labor and materials that goes into this project. Someone else may simply think that they just require some materials, and not take into account the different logistical challenges that this presents, which leads to opportunity for those who know how to solve it.
Are Consumers Spending Again?
Link: https://commercial.jpmorganchase.com/pages/commercial-banking/executive-connect/consumers-spending-again
This article speaks more on a broad level about the state of the US economy. I found it through theJPMorgan Chase website. Essentially, as gas prices have significantly lowered, the amount of disposable income people have has increased. Thus, people have more money to spend in the market, and are spending at a higher rate than usual. Combined with the currently strong labor market, this means that consumer spending is at a particularly strong period. I think this provides opportunity in many fields, as people in general have more money to spend. I feel like it would be easy to create some business out of this opportunity, as it is very broad and there is a lot of money to be made when people have more money to spend. However, there may be some difficulty as this is not necessarily increasing the demand of any specific product or niche, just increasing the amount of money people have.
Why did I see this opportunity: I tried to think out of the box about how the economy as a whole is functioning, as opposed to a specific event that causes an increase in demand to a product. Some people may see this and not realize the effect it could have on the market.
Regulatory
EPA Prepares for 2018 Hurricane Season, Building on Lessons Learned from Sustained Emergency Responses in 2017
Link: https://www.epa.gov/newsreleases/epa-prepares-2018-hurricane-season-building-lessons-learned-sustained-emergency
I found this article while searching through the epa (environmental protection agency) website. Similarly to the first article I talked about, this page talks about the regulation changes regarding the upcoming hurricane season. Some of these changes include things such as the amount of emergency responders that are necessary, shortages of fuel, monitoring public water systems, necessary infrastructure, and the cleanup of debris. This provides many opportunities ranging from creating water management technologies to providing labor for debris cleanup. Like the first article, this could be considered easy as there are many different fields which are effected by this, and thus many opportunities. However, acquiring permits/licenses to work may be a difficult task (something I have no experience with).
Why did I see this opportunity: I am interested in environmental issues, and have lived with hurricanes my entire life (being from Florida). I understand all too well the amount of preparation that a hurricane requires, and the amount of money spent on setting up infrastructure and preventing damage.
Surprising Ways Tariffs Impact Small Businesses (And What To Do About Them)
Link: https://www.businessnewsdaily.com/10931-small-business-tariff-impact.html
I located this article through the business news daily website, a site I often read through. This page speaks about new tariffs that are soon to be imposed, and their effects on small business. Essentially, these tariffs will make it harder for businesses to acquire the products they need, especially on products that are imported from other countries. I feel that this provides an opportunity regarding supply companies, and how they will sell their products to small businesses. This is a slightly difficult opportunity to seize as it would require having a rather large network of small businesses who are buying your product already.
Why did I see this opportunity: From taking economics classes, I became interested in the ways that supply and demand can affect a business. While reading this article, I noted (although it was unsaid) that these tariffs are going to create a larger demand for inventory in the time period before they are implemented. Thus, I felt that there was an opportunity to provide that inventory in the short term.
Miami Beach to begin new $100 million flood prevention project in face of sea level rise
Link: https://www.miamiherald.com/news/local/community/miami-dade/miami-beach/article129284119.html
This opportunity was found through a local newspaper residing in the city I used to live in. The article states that there is soon to be a large scale flood prevention project. This project will require many different forms of labor, materials, and logicstical planning in order to be completed. I feel that there is opportunity available in providing one or more of these different avenues. The "customer" in regards to this opportunity is the local state government who will be funding this project. I believe that this opportunity could be relatively easy, as there are many different directions you could go into: such as providing labor, materials, etc. However, it may be hard to get the necessary permits set up in order to sell your services.
Why did I see this opportunity: I have lived in Florida all of my life, and see these types of projects occurring often. I know personally the amount of labor and materials that goes into this project. Someone else may simply think that they just require some materials, and not take into account the different logistical challenges that this presents, which leads to opportunity for those who know how to solve it.
Are Consumers Spending Again?
Link: https://commercial.jpmorganchase.com/pages/commercial-banking/executive-connect/consumers-spending-again
This article speaks more on a broad level about the state of the US economy. I found it through theJPMorgan Chase website. Essentially, as gas prices have significantly lowered, the amount of disposable income people have has increased. Thus, people have more money to spend in the market, and are spending at a higher rate than usual. Combined with the currently strong labor market, this means that consumer spending is at a particularly strong period. I think this provides opportunity in many fields, as people in general have more money to spend. I feel like it would be easy to create some business out of this opportunity, as it is very broad and there is a lot of money to be made when people have more money to spend. However, there may be some difficulty as this is not necessarily increasing the demand of any specific product or niche, just increasing the amount of money people have.
Why did I see this opportunity: I tried to think out of the box about how the economy as a whole is functioning, as opposed to a specific event that causes an increase in demand to a product. Some people may see this and not realize the effect it could have on the market.
Regulatory
EPA Prepares for 2018 Hurricane Season, Building on Lessons Learned from Sustained Emergency Responses in 2017
Link: https://www.epa.gov/newsreleases/epa-prepares-2018-hurricane-season-building-lessons-learned-sustained-emergency
I found this article while searching through the epa (environmental protection agency) website. Similarly to the first article I talked about, this page talks about the regulation changes regarding the upcoming hurricane season. Some of these changes include things such as the amount of emergency responders that are necessary, shortages of fuel, monitoring public water systems, necessary infrastructure, and the cleanup of debris. This provides many opportunities ranging from creating water management technologies to providing labor for debris cleanup. Like the first article, this could be considered easy as there are many different fields which are effected by this, and thus many opportunities. However, acquiring permits/licenses to work may be a difficult task (something I have no experience with).
Why did I see this opportunity: I am interested in environmental issues, and have lived with hurricanes my entire life (being from Florida). I understand all too well the amount of preparation that a hurricane requires, and the amount of money spent on setting up infrastructure and preventing damage.
Surprising Ways Tariffs Impact Small Businesses (And What To Do About Them)
Link: https://www.businessnewsdaily.com/10931-small-business-tariff-impact.html
I located this article through the business news daily website, a site I often read through. This page speaks about new tariffs that are soon to be imposed, and their effects on small business. Essentially, these tariffs will make it harder for businesses to acquire the products they need, especially on products that are imported from other countries. I feel that this provides an opportunity regarding supply companies, and how they will sell their products to small businesses. This is a slightly difficult opportunity to seize as it would require having a rather large network of small businesses who are buying your product already.
Why did I see this opportunity: From taking economics classes, I became interested in the ways that supply and demand can affect a business. While reading this article, I noted (although it was unsaid) that these tariffs are going to create a larger demand for inventory in the time period before they are implemented. Thus, I felt that there was an opportunity to provide that inventory in the short term.
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