6A – Identifying Opportunities in Economic & Regulatory Trends

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  1. (economic trend): 
Raw material costs are increasing. 
a)I found this opportunity/economic trend belief from Inc.com.
b)This information suggests that an opportunity exists to find a way to get cheaper raw materials since the price of raw materials are escalating. 
c)The person who is most likely to be the customer of this opportunity are big companies that are trying to profit. 
d)This opportunity may be a bit difficult to exploit because you would have to communicate with other countries. 
I saw this opportunity because I am aware of economics and trading, in addition me searching for an opportunity helped me come to this potential opportunity.
  1. (economic trend)
A decline in hiring
  1. I found this opportunity from inc.com as well. 
  2. What made me reach the conclusion that this opportunity exists was me working in retail for a long time and realizing that there really is a problem with hiring.
  3. The person who is most likely to purchase the product are people who are looking to hire people such as retail stores etc.
  4. This opportunity may be fairly complicated because some stores have policies in places that regulate who can work at their store.
I saw this opportunity while working in retail for the past few years and noticed it. 
  1. The regulation of plastic straws.
  1. I actually noticed this opportunity because in Gainesville just recently the new regulation was put into place so stores have to have compostable straws.
  2. What made me realize this opportunity existed was when I started eating out and saw that all the straws were not plastic anymore.
  3. The person most likely to be the customer of these straws are everyone in Gainesville who eats out.
  4. This opportunity was probably hard at first because it is such a big change, but it has been done so it is manageable and realistic.
I saw this opportunity when I started eating and realized that all of the straws I were using were 100% compostable. 
4. The push for legalization of marijuana (Illinois has legal dispensaries as of 2020):
  1. I noticed this opportunity because of the young people and peers around me and their push to make it legal, and by paying attention to general politics, the source of this opportunity was found at fortune.com. 
  2. What led me to believe this opportunity existed was talking to young people and reading and hearing about the push for legalization of Marijuana. 
  3. The person who would most likely be a customer to this opportunity would probably be 21 and older for the US. 
  4. This opportunity will be hard to come by to more conservative states.
    I saw this opportunity by paying attention to the news around me and listening to young people. 







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