6A Macro Opportunities
1) This possible regulatory change was found browsing
reulations.gov. This regulation would remove some restrictions on hunting
certain animals in National Parks in Alaska. If there are more hunting grounds opened,
then that will attract more hunters to Alaska. The typical customer would be a
avid hunter from across the world. I believe this opportunity would not be that
hard to satisfy. If you could hire the right guides and execute a good marketing
strategy, then it would be relatively easy and cheap. I personally do not hunt
back have made friends with lots of people who are avid hunters, so I have an
idea of what hunters want.
2) This is an economic trend focusing on the import of fine
denier polyester stable fiber found on regulations.gov. The International Trade
Administration is deciding whether or not China and The Republic of Korea are dumping
these fibers in the U.S at below market value. If this is the case, then there
may be a tariff or quota placed on these fibers. If this does happen the manufactures
of everything from beds, furniture, and clothes in the U.S will want to source this
fiber from a cheaper source. The customers for this would be those manufactures
just mentioned. This would be pretty difficult to support in capital, time, and
connections. Since this is a commodity you would need large volumes to make any
decent profit. As well as speed you would need to acquire the goods and makes
these sales fast as the manufactures will satisfy their need as quick as
possible. Also, you would need to make the necessary connections with those
manufactures supply-chain. I saw this opportunity from the knowledge I have
learned while in business school.
3) Another opportunity from regulation change is for
portable benefits for freelancers and people who move jobs frequently. This was
found in a business weekly article. This is a new concept, so companies could
be looking for consultants or different companies to provide services or
portable benefits. As the “gig” economy grows more and more people will be
looking for portable benefits. Those in workers in the “gig” economy would be
the customers. This would be another very hard opportunity to seize. It would take
a lot of knowledge of different insurances and retirement plans to set up a
consultant business. If you wanted to start an organization which provided a
large catalog of benefits under one roof that would require licensing and lots
of start up capital. I saw this as an opportunity because I know the ‘gig’ economy
is growing and there is a need. Having had some experience with having to
choose benefits in some of my jobs helped me to see the potential of this opportunity.
4) An economic trend that has just started recently is block
chain that came from the introduction of cyrptocurrencies. I have found
information about the uses of block chain all over the web. Block chain offers
the ability to set up smart contracts and also gives a very easy and secure way
to track shipments or money transactions anywhere on the globe. The customers I
would focus on is the shipping/transportation industry. Smart contracts give
them a much faster and easier way to fulfill the payment end of a contract. As
well as create a log of all shipments in a very secure manner. This would not
be to hard. Not to much capital only to hire technology minded people who know
how to utilize block chain in this manner. I am very interested in the supply-chain
side of business, so this topic has been something I have been following.
