1) Economic Trends -
Steep Gas Prices on the South Fork Draw More Than a Shock
Pinning Down the Money Value of a Person’s Life
http://www.nytimes.com/2007/06/11/business/businessspecial3/11life.html
Regulatory Changes -
Washington D.C. Marijuana Information
Penalty Inflation Adjustments for Civil Monetary Penalties
https://www.federalregister.gov/documents/2018/01/12/2018-00487/penalty-inflation-adjustments-for-civil-monetary-penalties
2) List each opportunity, one at at time.
- I found the first opportunity while browsing the New York Times and is something I have actually thought about quite often. There is a huge opportunity in the energy business and in this case the gas industry. Gas prices, although recently stabilized, often go through periods of high prices. When these prices are high, there is an opportunity for someone to figure out how to offer a lower gas price or stop the gas prices from rising. This opportunity is for everyone because we all use gas. Personally, I drive out of town 3 or 4 times a week and cheaper and a consistent price of gas would be very helpful.
- This next opportunity is valuing someone’s life. We all are guilty of looking up how much Kim Kardashian or Nick Jonas is worth, but do we know how much we are worth. The opportunity is for adults for the most part, but personally I would enjoy knowing how much I am worth. This information can be value when assessing what happens when you die, decisions made, and much more. I also found this opportunity while reading the New York Times.
- It is no secret that weed is making the news everywhere recently. Besides the fact that this is a multi-billion dollari industry and opportunities are flying up everywhere, this specific opportunity would benefit weed smokers in Washington D.C.. In D.C. you can buy two ounces of weed at once, but you can’t sell it, smoke it on federal land, only grow 6 plants, and many more regulations. D.C. is a place for tourism and tourist do not know this information. The opportunity here is finding a way to share these regulations with tourist easily so they do not get in trouble and enjoy their weed experience in D.C..
- This last opportunity is one for people who receive social security benefits. This article talks about how the civil monetary penalties is changing. The opportunity is helping, educating and assisting those who receive social security benefits. People who receive social security often do not have another source of income. In order to help people who receive social security, they can be told what they are entitled to through social security and how to properly save this money with the changing regulations and such.
3) I saw a majority of these opportunities and looked at the max educational opportunities. I am a soccer coach and both my parents are teachers. I have been and still am surrounded by education. In this cases, it seems that things are changing and people aren’t being probably educated about the changes. I also chose the value of someone’s life opportunity because I am always looking up how much people are worth, but have no idea how that information is found or how I can find out how much I am worth. It would be fun to be able to calculate that on your own.
Hey man,
ReplyDeleteYour opportunity belief was extremely interesting to read about! I can definitely relate, I went to a nightclub a couple weeks ago and the cover fee was more than what I expected, PLUS when I got there, I had to wait over an hour in line to go in. Never again. This would eliminate many of the issues that arise when going out. I also don't enjoy holding my girlfriend's wallet, so that would help alleviate me from holding extra cargo!
I think the most interesting opportunity was the one where it showed a persons life value. I think if you could make a cool app where it shows cool graphics on your net worth, people might be motivated to get some more money. It could be a kind of game where you can level up as your net worth gets higher and higher. Something that adds accountability with the joy and entertainment of a phone game app.
ReplyDeleteI found both your opportunity of weed in D.C. and gas prices to be interesting cases of how something small could potentially impact a much larger percent of the population. The opportunity in D.C., specifically, would potentially have a large impact on the thousands of tourists that visit every day, but the gas and energy market creates both economic stimulus and demand that exceeds almost and market on the planet.
ReplyDeleteI really enjoyed reading about the opportunities that you found. I think some of them would be very difficult to act on, like the gas prices, because it is made up of a huge market and is driven on supply, demand and future changes. However, I think the opportunity on helping people figure out what they're worth is definitely doable and would really benefit a lot of people.
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