Economic Trends
Solar and Wind Power Too Cheap for Subsidies
(a) In a growing society that puts an importance on renewable energy, I thought that there might be some kind of changes in the renewable energy industry.
(b) What leads me to believe that there is an opportunity is that the decreasing prices of solar and wind make it easier to sell to consumers. Plus, the decreasing value and the "green" value will be highly attractive to those who both care about the environment without breaking the bank. Because of the drop in prices of solar and wind, the government won't have to put aside money to start-up new plants. This price drop makes it cheaper to get into business selling solar and wind power to consumers.
(c) I believe the prototypical customer to the opportunity might be home owners, small business owners, large corporations.
(d) The opportunity would be hard to exploit because the price may influence customers to just purchase their own rig of solar panels.
Why did you see the opportunity?
I've always been a fan of renewable energy. The old house I used to live in had solar panels on the roof that would supply power to some of the house. I remember them being very expensive so, when I saw that they were decreasing in pricing I thought that there might be an opportunity in the making.
Oil Prices on the Rise as a Result of Iran's War Warning
(a) The last time I received gas for my car, I noticed that the gas prices were starting to rise. So, I thought that maybe it was just that time of the year so I just looked up why they might be rising because I've never known the reason.
(b) What lead me to believe that there was an opportunity is that gas is necessary for just about a majority of those in the area. People need gas for cars, scooters, buses, and motorcycles.
(c) The prototypical customer for this opportunity would be car owners, motorcyclists, bus company owners, and college students.
(d) The opportunity would be difficult to exploit because the rising prices of oil will in turn raise the cost of acquiring the supplies to convert to gas. Also, if customers had incite on the rising prices of gas, customers would buy now and not when the prices were raised. It would almost be like people buying gas before hurricanes.
Why did you see the opportunity?
I thought of the opportunity because I know that a majority of people in the US need gas on a daily bases. Therefore, we will have a lot of customers regardless of how high the prices may be.
Regulatory Trends
FDA moves to regulate CBD oil to protect Big Pharma's Profits
(a) I'm interested in the marijuana industry and found this article thinking that there might be an opportunity. Usually, marijuana likes to stir up some controversy so, I thought that there might be something to salvage from its popularity.
(b) What leads me to believe that there is an opportunity is that the popularity for CBD oil is increasing which means that the product of CBD may be easier to sell to consumers. Plus, the marijuana industry is starting to boom.
(c) The prototypical consumers for CBD oil would be college students, old people, people with tourettes, and people who suffer from depression.
(d) The opportunity may be hard to come by legally unless I go to a place where marijuana is available recreational.
Why did you see the opportunity?
I have an older brother who has a lot of anger issues so he uses marijuana to cool himself down a notch. So the CBD oil helps him achieve a calmer state of mind. I saw an opportunity because many people actually need the effects of CBD to help medicate different diseases or disabilities that they have.
US and Canada reach last-minute deal to replace NAFTA with new trade agreement
(a) The source that lead me to form a belief for an opportunity was the upcoming new deal that Donald Trump was trying to resurrect a new NAFTA in place of the old one.
(b) The diary market that Canada houses is highly desirable to the farmers in the US. Plus, officials say that this new agreement will create new jobs and new opportunities for those who live in North America.
(c) The customer with the opportunity would be the farmers in the US who get highly prized dairy from Canada as well as North American citizens who will be able to acquire good, well-paying jobs.
(d) I think the opportunity is relatively difficult because the jobs aren't specified and the dairy business would be a lot of money to try and start up.
Why did you see the opportunity?
I think what helped me find an opportunity as a result of this deal was that I really need a job and this deal promising extra job is not only beneficial to me, but also those who are currently unemployed.
