6A – Identifying Opportunities in Economic & Regulatory Trends Submit Assignment

6A – Identifying Opportunities in Economic & Regulatory Trends Submit Assignment

1) Online business is becoming even more popular now. An educational platform to help people understand their options in online business, how to start one, how to market one, and how to become profitable, I think would be very helpful for some of those wanting to take more control of their finances. After this economic crisis recently, I think there will be a boom in entrepreneurs because people my age are learning for the first time that there is little, if any security in a job. The customer for a resource like this could be anyone, but I would expect it to be mostly adults in their late teens or twenties. I don't think this opportunity would be too difficult to exploit, because people are going to be actively looking for opportunities and looking at what their options are. This knowledge came from just general knowledge about our world's current situation.
2) Economic changes recently with everyone staying home has caused a major decline in CO2 emissions. A lot of people are seeing this and are recognizing the impact on staying home, instead of driving everywhere all the time, and many jobs are going o be allowing their employees to continue working from home. an opportunity here I could see is to affair a personal assistant type of offering, similar to something like instacart, but more personable where someone can do more than just buy your groceries but also take care of other responsibilities for you while you work at home. This idea came from two articles: one a read about the recent global warming changes, and another I read about the job market changing. This might be difficult to exploit because I'm not sure how high the demand would be right now which most people not looking to spend too much money, and also because after people work at home all day, they might want to get out of the house and do things themselves. The customer in this situation would be any adult, probably mostly ones who are now working from home.
3) Obviously regulatory changes have occurred where in some places we are required to wear masks or wash our hands before entering the building. An opportunity here could be to manufacture masks, especially kids sizes. Many people are still needing them and can't get access to them. Anyone who leaves the house is a customer for this. This opportunity might be difficult to exploit because so many other people have already started selling masks, but it might not be too difficult because people are still experiencing having to wait multiple weeks or months for their masks to come in. This information came through just general knowledge about our world's current situation.
4) With schools being closed and us not knowing when they will re-open, there are a lot of parents in need of schooling services. There may be parents who enjoy their kids being home, but don't want to teach them school material. An opportunity here would be to start an online schooling curriculum where kids interact with heir teacher online and have their school supplies mailed to them, or have virtual school supplies. I think this would be a very difficult opportunity to exploit because I'm not sure how high the demand would be, and because there are already other schooling curriculums out there for parents to choose from. The customer would be parents of children who either don't work or work from home. I came up with this idea just from an article I read for our 5A assignment.