- Owning Property in Gainesville
- https://www.trulia.com/real_estate/Gainesville-Florida/market-trends/
- I think that the increase in the price of Gainesville real estate over the past 10 years indicates that owning property in Gainesville is an opportunity.
- If you're the one owning property, selling or renting to college students and/or their families is the best customer.
- This is difficult to get into but easy to make profit from. It's hard to get into because you have to have the money to buy property. It would be easy to sell because UF is the best university in Florida and many of its students have families with the means to buy or rent your property.
- I think real estate is always in the back of every entrepreneur's mind. It's something that's easy to understand but hard to master.
- Shipping and Logistics for Online Retailers
- https://www.statista.com/statistics/266282/annual-net-revenue-of-amazoncom/
- I think that the increase of Amazon revenue indicates that many more things are being sold online, and someone has to ship that. This also follows with other retailers but Amazon is the biggest and most obvious example.
- Online retailers, both big and small, need someone to ship their product. USPS, UPS, Fedex, and other logistics are the most well known logistics companies, but for mass transportation, more trucks are needed.
- Thinking on it, I believe this opportunity would be difficult to exploit. There are already many established logistics companies. This opportunity would have to be different enough to make someone choose it over a reliable company.
- I formed this belief based on the idea that more revenue means more product sold means more product shipped. I believe Amazon does in house shipping, but other online retailers have the same needs.
- A Business for Rehabilitating Greyhounds
- https://www.washingtonpost.com/sports/2018/11/08/greyhound-racing-ban-florida-means-thousands-dogs-will-need-new-homes/?noredirect=on&utm_term=.209af88177b8
- Greyhound racing was voted to be made illegal this past November, and in two years or less, those dogs are going to have nowhere to go. There will be a business for taking in greyhounds that aren't "worth" anything to their previous owners who only used them to race.
- The customer will be people who will pay to give us their old dogs, and also, people who would buy rehabilitated greyhounds.
- This is difficult to exploit. It requires veterinarian experience as well as a the time and space to care for big athletic dogs. It also won't be a long lasting opportunity.
- I see this opportunity because I wonder where all the dogs were going to go. I figure many of the owners don't actually care about the dogs as pets, so who will care for them?
- Selling Green Energy Devices
- https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualify/L5rZH56ex
- Tax credits for having renewable energy devices in a house or business were changed for tax year 2018. Selling green technology is about to be huge.
- The customer would be people wanting to implement or purchase green technology in order to start saving from tax credits.
- This is difficult to exploit due to the cost of manufacturing renewable technology such as solar panels. It can be costly and there is a growing, but not guaranteed, buying market.
- I see this opportunity because some people I know opted to get one car over another due to the one car being electric because of the way the tax credits are in the new tax year.
Friday, January 25, 2019
6A – Identifying Opportunities in Economic & Regulatory Trends
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I believe your opportunities are unique and very interesting. I was very invested in the whole greyhound ordeal when it was pretty viral, and it is very interesting to see your take on it. After reading it, I am in accordance with your point that there is plenty of opportunity regarding where the greyhounds who have no use to their owners will now go. I also am very intrigued by your primary point being that I live in Gainesville and find relatable. There is also so much room for opportunity there and with a proper brainstorming session it can go very far.
ReplyDeleteI liked seeing your first point as an opportunity because I know of many others that have had similar mindsets and it's interesting to see the growth that Gainesville has had. Also I found it interesting how you spun the Grayhound races into a profitable light.
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