https://www.cnbc.com/2018/08/01/the-interest-rate-that-affects-mortgages-is-rising-even-though-fed.html
I found this article on cnbc.com. The interest rates rising leads me to believe that an opportunity exists because less people will be able to afford big purchases such as a house. That means that people will have to rent longer. A tiny apartment is okay when you are young, but as people and families grow they desire more space. I think it would be a great idea to capitalize on all the people that are wanting more living space but can't quite afford to buy a house by building townhome style places for rent. The ideal customer with this opportunity would be a young family that makes an average wage that doesn't want to live in an apartment. I think this opportunity is relatively easy to exploit because it is simple to build townhomes and get people to rent them. I saw this opportunity because my cousin is going through this exact situation right now. She wants to upgrade to more living space but cannot afford a mortgage with such a high interest rate yet.
2. Buying an Electric Car Creates a Buffer Against Rising Gas Prices
http://www.plugincars.com/buying-electric-car-creates-buffer-against-rising-gas-prices-133863.html
I found this article on plugincars.com. Gas prices keep rising causing more and more people to switch over to an electric vehicle. The ideal customers with this opportunity are people in the market for a new car who drive a lot and do not enjoy throwing hundreds of dollars away on gas every month. I think this opportunity is relatively easy to exploit because the electric car companies already exist. It is just about choosing one to invest your money into. I saw this opportunity because I recently bought a new car and the option of switching to an electric car was highly considered due to the high gas prices.
I found this article on washingtonpost.com. "In 2015, the legal marijuana industry in Colorado created more than 18,000 new full-time jobs and generated $2.4 billion in economic activity." I believe an opportunity exists to legalize and regulate the sale of marijuana throughout the entire United States. The ideal customers with this opportunity are people that are in need of this drug to improve their quality of daily life. I think this opportunity is relatively easy to exploit because most people would rather buy drugs legally then illegally because it is safer and comes with much less risk. I saw this opportunity because I have epilepsy and there are many studies showing the benefits of marijuana to help seizures.
4. The last straw: Moving past disposable plastic spurs companies to innovate
I found this article on washingtonpost.com. There has been a ban on plastic straws recently, this leads me to believe there is an opportunity for the innovation and production of straw alternatives. The ideal customers with this opportunity are restaurants and bars that would still like to provide their customers with a straw option. I think this opportunity is relatively easy to exploit because it shouldn't be too hard to come up with different materials to make a straw out of. I saw this opportunity because my grandfather has tremors and has to drink using a straw to avoid spilling his drink all over himself.
Hey Sarah,
ReplyDeleteI really liked reading this post because we had two similar identified opportunities. I had one about the legalization of marijuana and exploiting that opportunity by being the first to set up a dispensary or bakery. I also posted about electric cars, but I saw the opportunity in the setting up of the charging stations instead of building the cars themselves.
Hi Sarah,
ReplyDeleteI found your opportunities to be very enlightening, it made me aware of trends and situations I was not previously aware of. I am really interested in your opportunity regarding alternative materials of production for straws. Plastic waste is a huge problem, by finding a material that is more environmentally friendly and biodegradable, it follows sustainable practice habits. I know that some companies produce cardboard or hard synthetic plastic straws that are more biodegradable than traditional plastic ones.
Hello!
ReplyDeleteI really enjoyed reading your post. I think you did a fantastic job analyzing these real world opportunities. The high interest rates, use of electric cars, laws regarding marijuana, and plastic straws are all very hot topics in today's world. They definitely could lead to some big opportunities for an entrepreneur. With disposable straws being such an environmental issue, I think this could be the most lucrative opportunity.