Economic Trends
1.The Fed is Assumed to Raise Interest Rates in the Near Future
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Rising interest rates have numerous effects on consumers in the financial sector. Things that happen include increased interest returns on savings and certificates of deposit, lending institutions begin to lend more, and the dollar strengthens against currency from countries who do not match policy moves with the U.S. I believe this may open up opportunities to educate/advise younger adults about finances who may not have had experience in a healthier economy. I believe someone who has a background in economics or financing and education may be able to easily exploit this. As someone who joined the work force in the late 90's it may be the case that I identified this opportunity because I realize financial habits/trends are different with different economic health.
2. The Economy of India is Expected to Grow by Over 7% Next Year
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This trend is expected to continue in the following years as well. With this the Indian workforce will grow substantially. This workforce will require a strengthening of human resource services, possibly pulling from a U.S. talent pool. If this is the case it could create an opportunity for services that would prepare potential expats relocating to India. These services could consist of education HR professionals on Indian HR laws, country customs, and Indian business ethics. For someone with first hand knowledge of Indian business culture this could be easy for someone to exploit. I believe I noticed this because of being a prior business owner I understand that HR plays an important role in even the smallest companies.Regulatory Changes
1. Every Student Succeeds Act Gives More Educational Design to States
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This act will allow states to design their own educational designs, among other things. The specifics are numerous and broad reaching so I won't go into them know. There may be an opportunity for third party contractors to assist states in program design, development and evaluation. Barriers to entry may make this difficult to execute. It would require acquiring contracts with the state which would require specific networking capabilities.2. FDA Passes Regulation That Members of the Food Production Industry Take Proactive Measures to Prevent Deliberate Contamination
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This regulation is intended to prevent food terrorism, or in worse case scenarios, react to these instances. This regulation will see a need for a mixture of program development as well as security management. If the two could be combined to consolidate/minimize costs there may be an opportunity. This may be difficult to accomplish with so many barrieers to entry. One would need program development personal and security consultant personal all with familiarity with food source terrorism.
Brett,
ReplyDeleteGreat post! I really liked all of the opportunity trends that you found and I think they are all very interesting. I also saw the article about India's economy expected to go 7% this next year and I think this would be a great way for businesses to expand into India or just benefit from this knowledge. Great job at finding such great opportunities!
Your first article, referencing the Fed and Economy, is good to revisit. You make a valid point about educating the young workforce about investing and saving. Those of us in the generation that was just starting to work and build a life of our own went through a horrible time during the recession, as most did. But if you think about it, it was our FIRST and possibly only experience with home-ownership and forming a career, and we were burned. Older generations have seen the trends rise and fall, but it seemed to fall for us immediately upon entering which can cause some serious hesitance this next go around. I believe saving and investing are so important and wish there was more education about it and more pressure put on the companies that employ these young individuals to help them really understand the gravity of it and how it will affect them in the long run. Nice find!
ReplyDeleteGREAT POST!!
ReplyDeleteAwesome finds. The Every Student Succeeds Act seems like it will be a very beneficial thing for students and I like the opportunity you saw in it for third parties helping with the program designs.
ReplyDeleteThe upcoming opportunities from the growth of India's economy will provide great insights for US Human Resource professionals and for us to also team with them; all in all learning from one another.