Identifying Opportunities in Economic and Regulatory Trends

Opportunities in economic trends:

I found both of these economic trends at this website- https://www.thebalance.com/top-usa-future-economic-trends-3305666

1. With global warming becoming more of an issue, natural disasters are becoming more common. Each year there are at least a few major hurricanes. These hurricanes decimate communities and end lives. I know this is an opportunity because I have seen the damage that hurricanes have done within our country. Science has shown that global warming exists and that it affects the variability of our weather. My solution would be to install a 5-10 foot waterproof retractable seawall in areas that suffer from frequent hurricanes. This seawall would possibly prevent and at least delay the influx of water that comes with a hurricane. The typical customer would be a community on the coast that has to deal with a lot of hurricanes. This solution sounds good on paper but may be a bit expensive to employ. A cheap yet sturdy material for the wall would have to be found.

I thought of this opportunity because I have seen countless horror stories in the news about communities being destroyed and lives being lost. It seems that no matter how much people prepare, they are never quite ready. I want to set up an extra wall of defense against hurricanes.


2. Another economic trend is the fact that people between age 45-75 are not retiring as early as expected. The main reason for this is the life expectancy rate is increasing which means people have to work longer to be able to support themselves throughout retirement. This is making it harder for younger people to find jobs out of college because many jobs are taken by this older population. The solution I have to this problem is to create a company that hires older workers to do cheaper and less intensive work. They can be employees of this company during their transition from full-time work to retirement. This would allow them to continue to make money while beginning to adjust into a more relaxing lifestyle. It would also open up more jobs for students coming out of college. I am still unsure of what kind of work the company would do. Customers of this opportunity would be 60-75 year olds that want to start living more comfortably while still making money. The most difficult part to this opportunity would be to come up with a meaningful purpose for the company that allows workers to work part time and still be productive.

I thought of this opportunity because I have heard a lot about people having to work later into their lives in order to fund their retirement. Not only does this negatively impact them, it negatively impacts young adults that want to begin working. This idea would help both parties.


Opportunities in regulatory trends:

I found regulatory trends at this website-
https://www.workcompwire.com/2018/11/partner-post-4-current-regulatory-trends-and-what-they-mean-for-pharmacy-management/

1. One very large regulatory trend is the legalization of marijuana. Many states are decriminalizing and legalizing medicinal and recreational marijuana. However even in areas where marijuana is becoming legal, dispensaries can be very scarce. My solution is to create an app where customers can pick different strains and have the marijuana sent to them. In the age of convenience I feel this idea would have a lot of success. Customers would be marijuana smokers that do not live near a dispensary. This opportunity would be difficult to implement because of the legality of shipping marijuana. If that barrier could be worked around, this would be successful in my opinion.

I thought of this opportunity because I know people that have medicinal marijuana cards. If no dispensaries are nearby it can be a hassle to drive all the way there.

2. Another big regulatory trend is the lack of privacy Americans are experiencing in the last few years. Many scandals related to hacking and consumer privacy have surfaced recently. The solution I have is to create a company that charges a fee for services related to privacy. The company could provide vpns for secure browsing, robot call blocking, firewalls, and other things. Although companies like this exist they are usually specialized into one of the aforementioned categories. Having a go to company for all cyber security needs would likely be a profitable enterprise. Customers for this opportunity would be any American that feels unsafe using the internet. This opportunity would not be difficult to implement because all of these services already exist.

I thought of this opportunity because I have heard a lot about cyber security and hacking. Being around the internet and computers constantly, securing your information and identity is very important.