6A Identifying Opportunities in Economic & Regulatory Trends

Economic Trends:

1. "Job openings hit record high, and more people than ever are confident enough to quit"

This article is from CNBC. This shows that the economy is doing better than it has in a while. Businesses are financially capable of hiring more people to help expand their companies and firms. People are also able to start their own businesses, thus opening more jobs. There is clearly an opportunity to hire more workers. The unemployment rate is always talked about and there is a clear opportunity to lower, maybe to even an all time low. The people that can take advantage of this opportunity are all companies and businesses. They have the opportunity to hire more than they have been able to in a while. People that have been struggling to find a job are also able to take advantage of this opportunity because more businesses are looking to hire now. I saw this opportunity because I am always hearing about the unemployment rate all over the new station and now there is an opportunity to lower it.

2. "Why gas prices are so high"

This article is from the New York Post. Gas prices will always fluctuate with the price of oil. We will never be able to predict how low and how high the price of gas will get. As the prices of gas rise, the opportunity to sell more electric cars rises. When people see the prices of gas rises, it raises the demand for electric cars because no one likes to spend extravagant amounts of money on gas. I believe the customers will be people who are looking to buy a new car while gas prices are higher because they will be more inclined to purchase an electric car. Since they are unhappy with gas prices they will look for more alternatives to gas. I saw the opportunity because I love to watch and pay attention to the price of gas. If I notice the price of gas going up or down I like to look at the price of oil to see the comparisons. People are always trying to save as much money as possible, which is why the opportunity to sell more electric cars rise when the price of gas rises.

Regulatory Trends:

1. "Small business optimism surges to highest level ever, topping previous record under Reagan"

This article comes from CNBC. U.S. small business optimism has soured after President Trump and Congress have cut taxes and have deregulated. Small business is the backbone of America's economy. There is an opportunity for people to open new businesses and for also people to expand their businesses. If more people are opening businesses and are expanding their businesses, more jobs are being created. This benefits not just small business owners, but the rest of the American people that are looking for jobs. I saw this opportunity because my father is an entrepreneur so I have just learned to look out for other small business owners. Seeing small businesses excel and succeed is great for America. The opportunity for more people to open a business and also expand opens up more jobs for people all over the country that are looking for jobs.

2. "Supreme Court Widens Reach of Sales Tax for Online Retailers"

This article comes from New York Times. The supreme court recently ruled that sales tax must now be paid during online purchases. It has taken so long to be addressed because no one thought that a small online only company could compete with already established big named stores. Now Amazon is taking the world by storm and outperforming the big names that existed well before Amazon started. This new ruling created an opportunity for brick and mortar stores to compete with these online stores again. Online already has a step up because people did not even have to leave their homes to shop. Now people at least have to pay sales tax to online stores now. This allows the opportunity for brick and mortar stores to become competitive again. I saw this opportunity because I have been seeing online purchases through Amazon sky rocket and have been resulting in many businesses going out of business. Amazon reshaped the world of retail and have been destroying brick and mortar stores. Brick and mortar stores needed something to help them compete again and I believe this could help in their favor.