Identifying Opportunities in Economic & Regulatory Trends
Economic trend: Minimum Wage Increases
I believe that this trend
will mean that people will have more money to use to spend on luxury items as
they will make more during the year. I think that the prototypical customer is
the people that receive minimum wage as they will have more to spend. It is a
difficult opportunity as you got to make sure that you can make a profit as you
will have to pay your workers as well.
Economic trend: UltraFICO scores are coming
I believe that this is an
opportunity as more people will have access to more credit therefore, they
might purchase more products. The prototypical customer is people that are applying
for credit or loans. It is a difficult opportunity as it will be hard to make
people use their credit on un wanted things.
Regulatory change: Betting on sports legalized
Source: http://www.espn.com/chalk/story/_/id/19740480/gambling-sports-betting-bill-tracker-all-50-states
I believe an opportunity
exist as there is a chance to make some money with a betting site. The prototypical
customers is any sports watcher as they can now bet on it. It will be easy to
exploit as there are so many people that are willing to bet on sports.
Regulatory change: New trump administration climate change regulations
The opportunity might
exist as the relaxed laws will allow for the use of more fuels. The prototypical
customer would be oil makers and car makers. It will be easy to exploit as they
will be many chances to use a fuel that may be bad for environment.
Comments
Post a Comment