6A - Identifying Opportunities in Economic & Regulatory Trends

6A - Identifying Opportunities in Economic & Regulatory Trends 


Economic Trend: Rising Gas Prices

• Source: http://www.timesnews.net/lifestyle-travel/2019/01/22/Gas-prices-on-the-rise-as-oil-market-regains-strength
• I believe that with rising gas prices there will be an opportunity created for drivers that work for companies such as uber and lyft because people will be able to save money once prices near their peak.
• I think that the prototypical customer for this opportunity will be vehicle owners who have an average commute of 15 or 20 minutes per day.
• At the moment I believe it will be quite difficult to exploit, however, towards the summer months when the prices climb even more I feel like it could be much easier to convince potential customers to switch up their routine and select a driving service. 
• I saw this opportunity because I personally hate filling up my tank every week and seeing that number climb. It made me think would I actually save money if I decided to uber to work. So I did some research and I think in the future it could be a potential option for me.

Economic Trend: Intrest Rates Rising

• https://www.forbes.com/sites/johnkosar/2018/10/01/get-ready-for-a-big-increase-in-interest-rates/#5d700f316c71
• I believe with intrest rates rising this will cause the housing market to rise because banks will be more willing to give loans out to potential home owners due to it being less risky.
• I think that the prototypical customer will be those of a younger generation and first time homebuyers.
• I think it will be relatively easy to exploit because people always like to buy homes because they think that they are a safe investment. 
• I saw this opportunity because I tend to keep track of such things purely out of interest. I regularly track trends like this and keep close eye on how our country's economy is doing as a whole.

Regulatory Trend: Protection of First Responders

• https://www.workcompwire.com/2018/11/partner-post-4-current-regulatory-trends-and-what-they-mean-for-pharmacy-management/
• I believe that with pending regulations for the protection and care of first responders those in the cancer research field will have a significant opportunity for more funding.
• I think that the prototypical customer for this will be research universities and independent research labs who specialize in caner. 
• I think this will be easy to exploit because our government and current citizens all long for a specific drug or procedure that will help to cure caner and save loved ones.
• I saw this opportunity because there are pending bills that in certain states that mandate firefighters receive expanded coverage on their insurance and retirement plans.

Regulatory Trend: Medical Marijuana

• https://www.forbes.com/sites/bencurren/2018/08/23/how-tech-will-drive-the-next-stage-of-cannabis-regulation/
• I believe that with the impending future of medical marijuana across the united states that insurance companies will be able to exploit this.
• I think the the prototypical customer for an insurance plan that includes medical marijuana will be current users of marijuana.
• I think this will be easy to exploit as many americans love marijuana and are trying to figure out ways to consume it legally. 
• I saw this opportunity because I like to make money. I see this avenue as another way for insurance companies to make money off of average citizens.