Identifying Opportunities in Economic and Regulatory Trends

Economic trend: Baby boomers aren’t retiring fast enough.

Link: https://www.thebalance.com/top-usa-future-economic-trends-3305666

Many baby boomers aren’t retiring because of the 2008 recession. Semi-retirement is becoming more common for them. I found this on the website The Balance. They are having a big impact of the economy. This leads me to believe that millennials aren’t having enough jobs when they go into the job force. I believe that there is some sort of opportunity for a job finder company directed toward millennials. If millennials aren’t being able to find jobs, that is definitely an unmet need. Millennials would be the prototypical customer for this service. I think that the opportunity would be somewhat difficult to exploit because there are already job finding companies. I don’t think there are not any job finding companies that are directed towards millennials though. I saw this opportunity because I am worried about getting a job after I graduate. I’m going after a business degree so that is a broad field, but I am worried about finding a job that I love.

Economic trend: Climate Change is causing more natural disasters.

Link: https://www.thebalance.com/top-usa-future-economic-trends-3305666

This is having a major impact on the economy because these natural disasters are costing so much money. I also found this on The Balance. I think this information leads me to believe that an opportunity for some sort of weather advising service exists. I think people that live in coastal areas are worried about their homes and sea level rise. I think they would pay good money to have an “expert” look at their situation and see if they are in danger of the impacts of climate change. I think the prototypical customer would be people living in coastal towns. I think the opportunity wouldn’t be too hard to exploit. People are worried and I think they would jump on the opportunity to see what risk they are in. I thought about this opportunity because I have a family member that lives near the ocean and is at risk for sea level rise. I am also personally worried about the effects of climate change.

Regulatory: Illinois Hunters can now wear Pink clothing while hunting.

Link: https://www.nprillinois.org/post/new-illinois-law-oks-pink-hunting-clothing#stream/0

I believe that an opportunity may exist because I have only seen pink hunting clothing once before unlike the usual orange. I think there would be a market for a quality lineup of pink hunting attire. I think that the prototypical customer would be breast cancer survivors or guys that just want to rock pink. I think that the opportunity would be difficult to exploit because the clothing market is a difficult one to get into. I thought of this opportunity because I know people who are breast cancer survivors, hunters, and would wear this.

Regulatory: Kids in Ohio will be required to write in cursive by the 5^th grade.

Link: https://www.usnews.com/news/education-news/articles/2018-12-21/kasich-signs-bill-mandating-ohio-students-learn-cursive

I believe that an opportunity might exist for an online course that would teach cursive to these students. If students are going to be required to know how to write in cursive by the 5^th grade, there are bound to be kids that don’t understand how to at school and have to learn at home. I think the prototypical customer would be parents buying the course for their kids. I think that the opportunity wouldn’t be too difficult to exploit because people will need some way to teach their kids if their kids can’t learn at school. I thought about this opportunity because I never really learned when they taught cursive in schools. I learned how to sign my name but that was really the extent of it. If there was an online course that taught it, I think I would have understood it better.