1. Economic: "Coronavirus May Delay Hard-Fought U.S. Trade Wins in China"
a. https://www.nytimes.com/2020/02/03/business/economy/coronavirus-china-trade-economy.html
b. The opportunity is that there are a lot of "goods" in the U.S. now with no buyers.
c. Businesses that export their products o potentially the U.S. gov't
d. This opportunity is really difficult to exploit as it is a really big problem and one person alone cannot solve it.
I looked at this opportunity as I keep reading about this virus and how it is affecting many lives so I wanted to see how it could affect countries
2. Economic: "Bank of Canada Might Need to Look Beyond Two-Year Horizon in Setting Rates"
a. https://www.wsj.com/articles/bank-of-canada-might-need-to-look-beyond-two-year-horizon-in-setting-rates-11580418156?ns=prod/accounts-wsj
b. If the banks cut interest rates, people will stop putting their money in banks which will hurt the economy.
c. banks in Canada, or businessmen
d. this idea is not very easy to exploit as finding a solution that will be beneficial to the gov't and the people at the same time is not easy.
I looked at this opportunity because I have a lot of friends in Canada and I was interested to see what was going on with their economy.
3. Regulatory changes: "Traveling by Air with Service Animals"
a. https://www.regulations.gov/document?D=DOT-OST-2018-0068-12959
b. More people will be able to take their service pets on planes which comes with a lot of business opportunities like travel bags for the pets.
c. customers could be pet owners that travel
d. This idea is not that hard to exploit as it will affect a lot of people who will need simple solutions to make their travel plans easier.
I looked at this opportunity because I have friends that have had terrible experiences on flights with their service animals and I thought there are a lot of opportunities to exploit.
4. Regulatory Changes: "National Primary Drinking Water Regulations: Lead and Copper Rule Revisions:
a. https://www.regulations.gov/document?D=EPA-HQ-OW-2017-0300-0001
b. There might be a greater need for water filters or water bottles
c. Big companies, potentially the state gov'ts
d. On a big scale this would be a very hard opportunity to exploit but on a smaller scale it might be feasible.
I looked at this opportunity because my friend was just in another country where she could not use the tap water for anything and I think we sometimes take the available drinking water that we have for granted and if the regulations are going to be even stricter here then it presents a lot of unmet needs.
Dear Maria,
ReplyDeleteThe Coronavirus may have unmet potential to explore when it comes to fixing problems. However, I wonder how the issue of U.S. Trade can be fixed from an entrepreneurial standpoint. I also found "Traveling by Air with Service Animals" and "National Primary Drinking Water Regulations: Lead and Copper Rule Revisions" as regulations that could be identified as opportunities. I agree that both bring up potential opportunities for entrepreneurs.
Hey Maria! I think that your problems are extremely relevant to current events and can be extremely relatable. I definitely think there are some unmet needs in these options and would be interested to see how you plan to solve one of them. They are not exactly local so I think it's brave to take on something bigger than the city of Gainesville or even the state of Florida. Great job!
ReplyDeleteI really like how diverse your opportunities are, ranging from the Coronavirus to water regulations. For the Coronavirus I feel that there could be many different opportunities, including in the travel and tourism industry. People are now avoiding China as a place to travel to, so other countries and people who profit from tourism could greatly benefit from this by attracting tourists to go to their location instead.
ReplyDeleteHi Maria, I think you chose some great and diverse opportunities in your list. Your list contains many great opportunities for entrepreneurs for example, the coronavirus is a huge opportunity for entrepreneurs to potentially work on vaccines and ways of preventing the virus from spreading and infecting more and more people. I am especially interested in the one on U.S. trade with China because I think that is a harder opportunity to see.
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