Identifying Opportunities in Economic and Regulatory Trends

Identifying Opportunities in Economic & Regulatory Trends

Millennials now are one of the largest economic influencers in the marketplace. Recently, millennials have over taken Generation X-ers as the largest demographic in the workforce. Its demographic like these have influence over the economic trends and on how people choose to spend their money, and how they conduct business.    

Economic Trend Opportunity: Why More Millennials are Flocking to Shared Office Spaces

Source: https://www.forbes.com/sites/larryalton/2017/05/09/why-more-millennials-are-flocking-to-shared-office-spaces/#28de85ae69e8

·         I think that there is an opportunity here because of the giant increase year over year that this is growing, and the benefits that it provides the users. Also, there are many people that work from home now or can do their work in a coffee shop, but want a place they can use for formal meeting with clients, and presentations, but don’t want to have the high upkeep charges of renting a floor or a whole building. 

·          According to the article there is an expected 3.8 Million workers using a Shared office space.

·         I saw this opportunity to because people are becoming more used to and comfortable using “sharing apps” such as Uber, Lyft, Air BnB, Homeaway etc. and there are more apps that act in similar fashions from renting power tools to boats.

·         The prototypical customer for this is going to be generally someone who is younger, wanting a place to work in an urban environment at not such as high of a cost, or a small startup with not as much working capital to rent or own an office space.

·         This may be a little more difficult to exploit, because it is expensive to own a building to be able to rent it out.

Economic Trend Opportunity: People subscribing to multiple Steaming Services

Source: http://fortune.com/2016/10/12/video-streaming-more-subscribers/

·         There is a definite opportunity here to provide one streaming subscription that can include all the main streaming services (Hulu, Netflix, Spotify, Amazon Prime) rather than having to pay for all of them separately.

·         More and more people are unsubscribing from their cable providers and using the internet to watch their TV though a variety of means

·         Streaming TV is going to be the next big thing in content consumption. There are NFL. MLB and NBA games now that are going to be available via these streaming services.

·         The prototypical customer is a millennial, or a cord cutter.

·         This is easily to exploit because people need their TV, and their TV shows.

·         I saw this opportunity because I am a cord cutter.

Regulatory Trend Opportunity: H.R. 2842 Accelerating Individuals into the Workforce Act

Source: https://www.govtrack.us/congress/bills/115/hr2842/summary

·         This bill provides the opportunity for lower-income Americans to connect with employers looking to fill positions. And the government will subsidize part of the wage for this worker if they are to be hired. This includes jobs that need apprenticeship or on the job training.

·         This makes me believe that there is an opportunity for employers to hire these people to minimize their wage costs and can use that savings to reinvest in their business.

·         The most likely person to take advantage of this opportunity are people who own small business and looking for workers

·         This seems easy to exploit if you know about the program, and work with the people who oversee the program in your community.

·         I saw this opportunity because it a chance to save money. And any chance to save money means you can reinvest in the company and make your company better or profit more.

Regulatory Trend Opportunity: S. 81: Seniors Fraud Prevention Act of 2017

Source: https://www.govtrack.us/congress/bills/115/s81

·         This bill gives the FTC the power to establish an office within the Bureau of Consumer protection to help prevent fraud targeting senior citizens.

·         If the bill is giving the power to create an office there is obviously an opportunity and a need for this service.

·         A senior citizen is most likely consumer for this as it is aimed towards them and assisting them against fraud.

·         This opportunity may be difficult to exploit of you were to offer a private service to aid in fraud prevention when the government will be providing one for free.

·         I saw this opportunity because if the government is needing the creation of a department centered around this there is obviously a need for its services.