Looking for Opportunity in Economic Trends and Regulatory Changes

Looking for Opportunity

Economic Trends

1. Millennials moving back home

a)Economic Trend #1

b) This opportunity exists because more millennials are moving back home after college now than recent generations and it is not due to the economy. 

c) The prototypical customer would be someone who has recently graduated college who does not have a significant other or child, and did not get the job they wanted so they decided to move back home and save money.

d)  I think this opportunity would be somewhat difficult to exploit because the majority of the prototypical customers are returning due to increase in student debt and rental rates.

e) I believe I saw this opportunity because I have witnessed this happen to a few of my friends as well a family member, therefore, it affected me emotionally when seeing this article, since I know this happening especially in my generation.

2. Apple Pay expanding in more countries in Asia and Europe

a)Economic Trend #2

b) What leads you to believe an opportunity exists This opportunity exists because Apple is a company that is known worldwide and they have a huge market share in the technology industry, which is expanding more than ever. Also, Apple has a very loyal customer base.

c) Prototypical customer Anyone who has an apple product, namely the Iphone would be able to use this service.

d) Can the opportunity be exploited- relatively easy or relatively difficult WHY? I believe expanding the Apple Pay service throughout the would be relatively easy for Apple to do, especially with their presence in five countries already, and global awareness of their products.

e) I believe I saw this opportunity because it is interesting to see big corporations, such as Apple, continue their innovative ways when you think they have reached their potential, however, Apple continues to find ways to expand their markets.

Regulatory Changes

1. Salt Content Warnings for NYC restaurants

a)Regulatory Changes #1

b) What leads you to believe an opportunity exists. This opportunity exists because the majority of time there is going to be salt within food dishes served at any restaurant in the United States.

c) Prototypical customer The prototypical customer is anyone who eats at a restaurant in New York City that does not get a low-sodium food dish or someone who does not ask to get less salt in a dish.

d) Can the opportunity be exploited- relatively easy or relatively difficult WHY? I believe this opportunity can be relatively easy to exploit, especially since the law is allowing restaurants to put labels on dishes within menu to display that a food dish has high salt content in it. This will allow customers to choose a dish more wisely, and be aware of food dishes to stay away from, particularly if a person has a health condition associated to salt.

e) I believe I saw this opportunity because the majority of the time I go out to eat at a restaurant I can tell how much sodium they put in their food dishes, and it seems like restaurants would disclose which dishes have a high salt content.

2. FDA approves implant for treatment of opioid dependence

a) Regulatory Change #2

b) What leads you to believe an opportunity exists This opportunity exists because the FDA found a new method to treat opioid dependence for patients in the maintenance phrase of treatment.

c) Prototypical customer. The prototypical customer would be anyone who is suffering from opioid dependence and wants to seek treatment for it.

d) Can the opportunity be exploited- relatively easy or relatively difficult WHY? I believe this opportunity would be relatively difficult to exploit due to the expense of the implant for treatment as well as an individuals willingness to want to get treatment.

e) I believe I saw this opportunity because it is interesting to see the FDA approve different methods of treatment for certain drug addictions, while continuing to further their research for the best methods of treatment for individuals with addictions.