6A- Identifying opportunities in trends

Economic trends

1. Investing in stock of essential companies: I found this information when watching the news, as it showed that some stock trends were positive and going up in value. This information provides an opportunity because of the pandemic that is going on right now. Now most stocks depreciated in value, and as society begins to go back to the norm, the stock value and investment from them will rise. Anyone who has money that they are willing to invest and can aggressively invest it would be able to benefit. The opportunity is relatively easy, depending on whether the person wants to take the risk.

I formed this belief because my father had invested in stock for his company and had shown me how the value has appreciated and how this has earned him money on it. Many people are not willing to invest but for people who are, this is a great way to have your money working, instead of sitting in your bank account.

2. Hand sanitizer for restaurants and public places: This idea is starting due to the pandemic and should be implemented in bathrooms in addition to just soap. This idea came from seeing how hand sanitizer helps kill germs on your hands easily. This opportunity exists because now that this pandemic is happening, people are trying to be extra safe with washing their hands and sanitizing them. Anyone who is eating at a restaurant or is in a public restroom would be a consumer of this. I think this is a relatively easy opportunity for restaurants and other places, to implement the hand sanitizer. They can market this and show that they are a clean and safe environment, while would attract consumers.

This idea came from usually panicking now whenever I leave the house without hand sanitizer. Maybe if hand sanitizer is out of stock, rubbing alcohol would do, but this would help businesses by showing customers that they are safe. Many places do not have some available and it is quite bothersome, due to the lack of a clean environment in places, during times like these.

Regulatory changes

3. Making different sized/customizable masks: This idea is starting to be used by many due to the pandemic, masks are required and are hard to find, as they are out of stock in many places. I think this is an opportunity because, for example, for some kids, they might not have the correct size masks and the children might not want to wear a boring mask. Anyone who must leave their homes are prototypical customers, but this could be catered to children so that they can have fun while having to wear a mask as well. The opportunity is relatively easy to exploit but the materials would need to be collected.

I formed this belief due to the pandemic and the masks that are required almost everywhere now. This is something that can be taken advantage of and help the community as well. Many children are visually easy to please and might only wear a mas if it is of their favorite character, and this way they will WANT to put it on and be safe.

4. Selling air filtration systems to companies: This idea has emerged due to the pandemic and its effect on the workplace. This opportunity exists because many companies were forced to have their employees work from home due to the pandemic. These air filtration systems can help companies get back to having a percentage of people back at the workplace safely. This could be marketed to businesses that have a strong need for people to be in the workplace. This would be more difficult to exploit, because there would need to be a certain number of filtration systems in the business (depending on its size) for this to actually be safe enough.

I formed this idea due to the pandemic and the need of many businesses to have people working at the business site. There are many businesses that need manual labor and can not have it due to the unsafe environment. This is something that would cost the business money, but in turn would get a business running again, and get a return on that investment.