6 - Identifying Opportunities in Economic and Regulatory Trends
Opportunity 1
New York Times, Economics Section
It suggests that in order for rideshare companies to continue, passengers will have to pay more in order to keep the market from falling. The target customers would be the passengers; finding ways to acquire easy transportation at a lower cost. This could be done by providing competing prices or offering new alternatives. It's relatively difficult - probably requires high start up capital for most solutions.
- People prefer to pay less, not more. If one can offer an equivalent service at a better rate, you get more customers which makes up for the lesser charge.
Opportunity 2
NPR, Economy Section
The article talks about mothers who work for grocery delivery apps. The women do not seem particularly happy about these jobs and it seems to pay less than they could hope. However, the job does have the benefit of flexibility and the protection of not having to drive around strangers. This signals a potential workforce that is looking to perform services in this way and could be lead to a better opportunity. Customers are the consumers of online products; people who prefer delivery. It's relatively easy to exploit - simply create a better service, starting with an application.
- There is an unhappy delivery workforce that could be better treated and therefore move to a different methodology.
Opportunity 3
New York Times, Regulation and Deregulation of Industry Section
Cannabis companies are pushing the F.D.A to have laxer regulations on their product. With an open market on cannabis, there is opportunities to provide information to the public about this new product, one that many are already apprehensive about. Compiling this information in a credible and reliable way could prove useful. Customers are people who either smoke for recreation or medically.
- A large obstacle for legalization is lack of information. Having a central point to connect this information to the consumer could stimulate market growth and in turn, convince FDA to open the market even further
Opportunity 4
New York Times, Regulation and Deregulation of Industry Section
Social media is changing their content rules, each platform becoming specific niches. If platforms become more and more specialized, providing interconnection could be a potential business opportunity as well as exploiting an untouched niche (example, artists). Customers are online users.
- After the new regulations on Tumblr, many artists have been dissatisfied as to the available platforms and none have risen to replace it.
New York Times, Economics Section
It suggests that in order for rideshare companies to continue, passengers will have to pay more in order to keep the market from falling. The target customers would be the passengers; finding ways to acquire easy transportation at a lower cost. This could be done by providing competing prices or offering new alternatives. It's relatively difficult - probably requires high start up capital for most solutions.
- People prefer to pay less, not more. If one can offer an equivalent service at a better rate, you get more customers which makes up for the lesser charge.
Opportunity 2
NPR, Economy Section
The article talks about mothers who work for grocery delivery apps. The women do not seem particularly happy about these jobs and it seems to pay less than they could hope. However, the job does have the benefit of flexibility and the protection of not having to drive around strangers. This signals a potential workforce that is looking to perform services in this way and could be lead to a better opportunity. Customers are the consumers of online products; people who prefer delivery. It's relatively easy to exploit - simply create a better service, starting with an application.
- There is an unhappy delivery workforce that could be better treated and therefore move to a different methodology.
Opportunity 3
New York Times, Regulation and Deregulation of Industry Section
Cannabis companies are pushing the F.D.A to have laxer regulations on their product. With an open market on cannabis, there is opportunities to provide information to the public about this new product, one that many are already apprehensive about. Compiling this information in a credible and reliable way could prove useful. Customers are people who either smoke for recreation or medically.
- A large obstacle for legalization is lack of information. Having a central point to connect this information to the consumer could stimulate market growth and in turn, convince FDA to open the market even further
Opportunity 4
New York Times, Regulation and Deregulation of Industry Section
Social media is changing their content rules, each platform becoming specific niches. If platforms become more and more specialized, providing interconnection could be a potential business opportunity as well as exploiting an untouched niche (example, artists). Customers are online users.
- After the new regulations on Tumblr, many artists have been dissatisfied as to the available platforms and none have risen to replace it.
Referring to point 1, how could that happen? If the huge companies haven't found a way to figure it out, then what solution could be out there. I think it is impossible. Referring to point two, how could the workers be better paid without raising the price they charge. That would make the consumers less happy and then the whole supply-demand chain would shift. Referring the point three, why would the FDA open the market even more if there is the a lack of information? Wouldn't the FDA want to keep the market small in case of a bad outbreak? I would think they would keep the market small until they have figured everything out possible and then they would agree to open the market a little bit more.
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