6A- Identifying Opportunities in Economic & Regulator Trends
Economic
1. "Residents and Businesses Prepare to Take a Hit From Hurricane Florence"
https://www.nbcnews.com/business/economy/residents-businesses-prepare-take-hit-hurricane-florence-n908826
As with most major storms or hurricanes, opportunities exist because millions of dollars of damage occur. This will affect homeowners, as well as, business owners. There will be opportunities for businesses, outside of the storm area, to help rebuild houses, roads, business and anything else that is damaged by the storm. FEMA will probably be called in to provide temporary shelter for the homeless due to their homes getting damaged. Utility companies from other states will come to get utilities working for those who have lost power, water, or gas. I am familiar with these opportunities because Florida’s governor called a state of emergency with Hurricane Irma. People lost their homes, work places, and even family members. People with businesses from all over the USA came to provide needed services. Implementing a business plan like this could ensure the needs of devastated families all over.
2. "For Homebuyers, Mortgages are Safer but Tougher to Come By"
https://abcnews.go.com/Business/wireStory/homebuyers-mortgages-safer-tougher-57806001
Loans are becoming harder and harder to come by, especially with low credit. In the article it claims that non bank lenders have saved families from risky mortgages. There is an opportunity here because more nonbank lenders can start business or mobile franchises to help with this. It appears that nonbank lenders have more flexibility in lending funds than banks. I discovered this opportunity because throughout Gainesville and back in my hometown I've seen foreclosure signs so I feel like some sort of nonbank lending business plan could save people’s homes and businesses.
Regulation
3. "Trump Administration Wants to Change Key Parts of the Endanger Species Act"
https://www.cnn.com/2018/07/20/politics/trump-administration-endangered-species-act-changes/index.html
4. "Tax Reform 2018"
https://www.magnifymoney.com/blog/news/tax-reform-2018-explained/
1. "Residents and Businesses Prepare to Take a Hit From Hurricane Florence"
https://www.nbcnews.com/business/economy/residents-businesses-prepare-take-hit-hurricane-florence-n908826
As with most major storms or hurricanes, opportunities exist because millions of dollars of damage occur. This will affect homeowners, as well as, business owners. There will be opportunities for businesses, outside of the storm area, to help rebuild houses, roads, business and anything else that is damaged by the storm. FEMA will probably be called in to provide temporary shelter for the homeless due to their homes getting damaged. Utility companies from other states will come to get utilities working for those who have lost power, water, or gas. I am familiar with these opportunities because Florida’s governor called a state of emergency with Hurricane Irma. People lost their homes, work places, and even family members. People with businesses from all over the USA came to provide needed services. Implementing a business plan like this could ensure the needs of devastated families all over.
2. "For Homebuyers, Mortgages are Safer but Tougher to Come By"
https://abcnews.go.com/Business/wireStory/homebuyers-mortgages-safer-tougher-57806001
Loans are becoming harder and harder to come by, especially with low credit. In the article it claims that non bank lenders have saved families from risky mortgages. There is an opportunity here because more nonbank lenders can start business or mobile franchises to help with this. It appears that nonbank lenders have more flexibility in lending funds than banks. I discovered this opportunity because throughout Gainesville and back in my hometown I've seen foreclosure signs so I feel like some sort of nonbank lending business plan could save people’s homes and businesses.
Regulation
3. "Trump Administration Wants to Change Key Parts of the Endanger Species Act"
https://www.cnn.com/2018/07/20/politics/trump-administration-endangered-species-act-changes/index.html
Trump wants to change a 45 year old law that protects endangered species. Environmentalist believe that species will become endangered and possibly become extinct. I see an opportunity here for environmentalist entrepreneurs to start free standing habitats and get donations from the public to help fund these habitats. I believe this is an opportunity everyone should care about if they want to see species continue to thrive on this earth.
https://www.magnifymoney.com/blog/news/tax-reform-2018-explained/
While campaigning for president, Donald Trump stated that he would cut taxes. He did what he said and the American people had sweeping tax changes effective January 2018. One of the main changes was a reduction in payroll taxes that individuals pay to the government. This is an opportunity for individuals to either put that extra money in to their 401k retirement account or to help pay day to day expense. Another change was the reduction of the income tax rate that corporations pay from 35% to 21%. By paying less taxes, there is an opportunity for businesses to expand their business, therefore creating new jobs.
Hi Sara;
ReplyDeleteOverall, I find that your post identified some great opportunities in economic trends. I specifically find striking the point you made that while residents prepare for a hurricane, businesses— outside the hurricane area— have the opportunity “to help rebuild houses, roads, and anything else that is damaged” by the hurricane. You also saw an opportunity for utility companies in areas not affected by the hurricane. As you mention, these companies can come “to get utilities working for those who have lost power, water, or gas.” I agree with you when you mention that, implementing a business plan like this when a hurricane is coming can ensure the needs of devastated homes—while making a profit. Although I was able to agree with you on some striking points you made, I was not able to read in full the opportunities you have found on regulatory trends. I believe you had some formatting issues on your blog there. I had this issue before too. However, I was able to fix it after viewing my post when I had finished it and checking if everything was in place. I recommend you to do the same to avoid these issues in your future posts. Go Gators!