Opportunities from regulatory changes
Opportunity 1: Better way of interacting with your cell phone without using your hands or distracting your eyes
A) https://www.orlandoweekly.com/Blogs/archives/2019/07/01/heres-a-roundup-of-all-the-new-florida-laws-that-went-into-effect-today
B) The state of Florida passed a law that allows law enforcement to pull you over for texting and driving. I believe the opportunity lies in a better hands free interaction with your phone. Right now there are the digital assistants such as Siri, but the voice recognition isn't the best and you constantly have to look at the phone to see what she messed up.
C) The prototypical customer would be anyone that needs to use their phone while driving. This includes ride share services, food delivery companies, etc.
D) I think this opportunity is slightly difficult to get into considering it's been around for a while but only recently has more emphasis been put on it.
E) I think a lot of people have seen this opportunity but having worked for a company similar to uber eats, I can see how being pulled over for using my phone all the time would have hurt my job.
Opportunity 2: Easier way to quit nicotine
A)https://www.orlandoweekly.com/Blogs/archives/2019/07/01/heres-a-roundup-of-all-the-new-florida-laws-that-went-into-effect-today
B) The state of Florida just passed a law that bans the use of electronic cigarettes in most indoor workplaces. I believe that this is an opportunity because it is becoming increasingly inconvenient to smoke anywhere that isn't your home. As this trend continues more and more people will try and let go of the addiction.
C) The prototypical customer is anyone trying to quit smoking
D) I think this opportunity might be difficult because if it was easy I think it would've been done by now
E) I saw this opportunity after years of being addicted and trying to quit multiple times
Opportunities from economic trends
Opportunity 1: Upcoming economic contraction
A) https://www.thebalance.com/top-usa-future-economic-trends-3305666
B) Currently the US economy is in an expansion phase. This means that the economy is growing and is headed towards a peak and then turn towards contraction which analysts believe will occur in the next couple of years. The opportunity here is being in the right financial position for this contraction.
C) The prototypical customer is anyone who actively invests their money
D) I think this opportunity is easy to gain a little from but hard to gain a lot from.
E) Other people have definitely seen this before me in the broad sense but as I mentioned above, the opportunity lies in the more minute details
Opportunity 2: Teaching tech skills to the new workforce
A) http://blog.indeed.com/2016/06/22/global-economy-employment-trends/
B) According to this article, among the OECD countries, 35% of people age 19-29 have no computer experience at work. While our generation is typically seen as more tech savvy, a lot of us still don't have the skills in programs like excel to replace the aging workforce.
C) The prototypical customer is someone who doesnt have the workplace skills that they need.
D) I think this opportunity is easy to capitalize on because it could be done all online and would have very low overhead.
E) I saw this opportunity as someone who is entering the workforce soon and in need of broadening my skills.
Connor,
ReplyDeleteI thought all of your ideas were great. I thought it was interesting how you mentioned the current economic expansion. With that, the financial sector does have increased opportunity. I also like the phone idea, I can't tell you how many times my dad tells me to stop looking down at my phone or I had to change the music while driving (I know, it's horrible).
Connor,
ReplyDeleteI think the opportunities you have found were interesting and thoughtful. I think the text and driving opportunity is tough to solve because people are addicted to their phone. Even though Florida law enforcement can pull you over for texting while driving, many people will still be going to take the risk. The other teaching tech skills to the new workforce is an exciting topic for me. I believe that jobs in the future will be heavily relying on technology.