Identifying Opportunities in Trends 6A

Economic Trends

a. I found this information at Financial Times. They had an excellent page that showed economic trends in graphs with an explanation for them. Here is the link to where I found the article. https://ig.ft.com/sites/numbers/economies/us/ The job market has strengthened drastically in the last few years. The economy is approaching full employment and the unemployment rate is only 3.7% and has been falling drastically since after the great recession.

b. Because of this tight job market, it makes finding quality employees more difficult and drives wages up for employees. This means that growing companies could need help in the hiring process. Staffing companies are an excellent way to help companies fill their needs outside of a standard HR department. It also allows the companies to hire temporary workers during busy seasons without overextending their payroll long term. Therefore, using a staffing company could be a leg up for other companies on the competition. Starting a staffing company is a good idea with the economic trends as they are and could capitalize in a competitive job market.

c. The most likely companies would be growing industrial companies. These companies often are forced to rely on staffing for their needs to handle rapid and unpredicted growth in a tight job market. Also overextended HR departments of different companies that need help hiring employees often turn to staffing companies.

d. I think the opportunity is relatively easy to exploit if you started a franchised staffing company. There are several very effective franchises that could be started in a local community. However, if I were to try to start my own company with no corporate backing it would be extremely difficult. There would also be a lot of risk associated with starting a company like that with no corporate backing.

e. I saw this opportunity because I know that the job market is very tight. I also have experience working in a staffing company. I also saw the opportunity because I have heard other companies talk about some of the difficulties in hiring in today's job market. I also know some of the risks associates with starting a staffing company and why having corporate backing would be a very good idea to have.



a. The economic trends I found for this article were from the Organization for Economic Co-operation and Development. This article shows some of the statistics regarding the investing trends of the US. Companies are taking on more debt than ever before as the economy continues slow steady growth. Most companies remain optimistic about the future and are willing to take on debt even with one of the longest market corrections to date still on going. Here is the link to the article. https://www.oecd.org/economy/united-states-economic-snapshot/

b. Because of the companies being willing to take on debt, more companies are investing and willing to expand. This means that some corporations will be willing to take on more risky ventures and even expand business rapidly. This could provide an opportunity for entrepreneurs to pitch better business practises and aggressive strategies.

c. The most likely companies to take advantage of the current market would be growing tech companies and venture capital startups. These companies are willing to invest in high return new start ups which could give entrepreneurs more investors to work with than ever before.

d. I think this opportunity would be complicated and potentially hard to exploit. Although companies are more willing to invest in startups, they may be more inclined to invest within the company and not be looking to invest in outside entrepreneurs.

e. I saw this opportunity because I have seen many companies locally growing rapidly and expanding into new bigger offices and taking out more loans to expand. I also read a couple of articles talking about the low interest rates and companies being willing to invest more readily.



Regulatory Changes

a. The Trump administration relaxed laws regarding oil and methane restriction. This makes it easier for companies to aggressively extract resources. This would also allow companies to not have to allocate as many funds to be sure that all pipes are in working order and not polluting the environment. This is the link to the article https://www.cnbc.com/2019/08/29/trump-to-roll-back-methane-climate-change-regulations.html

b. Because of the change in regulations, this could allow oil and methane gas companies to expand more rapidly. This means that companies will have more funds to grow aggressively and not focus on meeting environmental regulations. This also means that companies could potentially build pipelines for cheaper because they do not have to be as concerned with regulations.

c. The most likely companies to take advantage of this will be oil and methane gas companies in the US.

d. This opportunity would be extremely hard to exploit. To run a company that distributes oil or methane gas requires massive amounts of capital. This would not be an easy venture and would almost be impossible for an entrepreneur to enter the market in a timely manner.

e. I saw this opportunity because I have heard many sites criticizing Trump’s stance on the environment. I also knew that this meant that some companies could have the opportunity to profit from these law changes.



a. There are new laws that are being proposed to loosen regulations regarding third party CDL training companies to soon be allowed to administer testing to grant new licenses. Currently companies that conduct the training for a driver cannot administer the testing to gain a new license. The link to the article I read can be found at https://www.cnbc.com/2019/08/29/trump-to-roll-back-methane-climate-change-regulations.html

b. Because of the proposed changes in allowing companies to conduct testing and grant CDL licenses, this could open up many new opportunities for companies to promote CDL driving training and licensing. Currently, companies do not have the opportunity to license their trainees, but soon companies could possible advertise for a streamlined and effective training process. This would be another source of income for companies and an added incentive for people to gain a CDL license since the process would be streamlined.

c. The most likely companies to take advantage of this will be technical institutes and CDL training companies. Also other people seeking to gain a license could take advantage of the new streamlined process.

d. This opportunity could be fairly simple to exploit. It would require purchasing a truck to conduct training on and completing a CDL training course to be allowed to complete the training. Partnering with someone who has extensive driving experience would definitely be beneficial to exploiting the opportunity.

e. I saw this opportunity because I found a website listing all the proposed and current laws put in place from the Trump administration. This was one of the more interesting regulation changes listed.