Opportunities in Economic and Regulatory Trends

1. During the summer of 2019, Miami Grille closed. I found this out when I was moving into the Standard apartment buildings over summer. An opportunity may exist because this is a high pedestrian traffic area where many students live near. The prototypical customer at this place varies from college students to 40-50 year old Gainesville residents who want a quick bite and high-quality food. This opportunity may be difficult to exploit because of the high rent prices for spaces in the area. I think it would be difficult to open a business that would be successful in this space due to those reasons. An opportunity exists here because of the area the space is located in and an establishment that follows the trends and demographics in the area may be able to succeed. In my experience, a spot like this on a college campus does not come around too often, and I believe it will be exploited by one of the next few businesses that take over the rent.

2. The second opportunity I found related to economic trends was the rise of natural disasters due to climate change. This can be seen throughout various countries around the globe. This raises the opportunity of food prices to increase in these various countries. An essential factor in our survival is eating food and most food is grown naturally. As hotter days seem more frequent, it impacts the price of goods such as corn and soybeans. The prototypical customer is everyone in countries that are being affected by climate change, which is everywhere and everyone. The opportunity is easy to exploit because everyone needs food to survive and prices will continue to rise as temperature has. This opportunity can be seen through science and how the earth works due to an increase of greenhouse gases.

3. Just recently, the Miami Heat started selling Miami Vice themed jerseys. I am a huge heat fan and found this out by a Bleacher Report article last year. This is an opportunity for the organization to make more money off of jersey sales. The customer for this opportunity is Miami Heat fans around the world. This opportunity is relatively easy to exploit due to the large fanbase of Miami Heat fans and how they want to show off their support of the team by wearing their favorite player on the team’s jersey. This is a great opportunity for the heat organization because as a fan of the team, I knew that once the jerseys came out that they would sell out almost immediately. In addition, I wanted one extremely badly and ended up purchasing one just recently.

4. In 2017, the University of Florida announced that they would be switching from Nike to Jordan to sponsor their men and women’s basketball teams and their football team. I read this on Bleacher Report. An opportunity exists here as Jordan brand and the “jumpman” logo represent success and also is an opportunity to make new sports gear to make more money. The prototypical customer is UF students, alumni or fans that want to represent their favorite team or university by purchasing certain Jordan brand sponsored equipment or apparel. This opportunity is relatively easy to exploit because the University of Florida’s basketball and football teams have a wide range of fans and supporters across the United States.