Friday, May 31, 2019

Testing the Hypothesis, Part 1




Testing the Hypothesis, Part 1




            1.)    Opportunity:



Young adults are suffering from elevated stress due to sleep deprivation stemming from poor time management skills



v  The Who: Young adults

v  The What: Suffering from elevated stress

v  The Why: Sleep deprivation stemming from poor time management skills is causing elevated stress levels in young adults.



             2.)     

a.       Testing the Who: Throughout the world, young adults are suffering from elevated stress levels. This is not an issue that is more prevalent in a specific gender. As young adults take on more responsibilities in their lives, they are not equipped with ways in which to manage their time efficiently, thus leading to less sleep, which leads to elevated stress, in them trying to achieve all they are attempting.  Many of the “Who” in this exercise will most likely be college students trying to keep up with their studies, while working full-time jobs or raising families at home.

b.      Testing the What: Many people of all ages suffer from stress, but sometimes with young adults, learning how to prioritize and manage stress, is a bigger issue. Understanding what is causing the elevated stress, is only part of the issue, learning how to relieve stress can take practice and discipline.

c.       Testing the Why: Young adults have many tasks they are trying to achieve, such as college, work, and balancing a family. With only so many hours in the day, without proper time management skills, sleep becomes a necessity that is overlooked, so everything else can be completed. By learning proper time management, young adults could get more sleep, thus leading to reduced stress levels.



            3.)    Summary of Findings



All my interviews were of people between the ages of 18-27, with 2 being full-time college students who also had part-time jobs, 2 being parents of young children working full-time and 1 being a recent, college graduate working full-time. In all the interviews, the interviewees acknowledged that they knew they did not get enough sleep, but as one stated, “there are just not enough hours in the day for sleep”. Time management was not a concern for 4 of the interviewees, as long as they got everything completed, and the mention of stress led to laughter in all the interviews. After all the interviews, I have concluded that poor time management does lead to less sleep, resulting in elevated stress. As a result of the interviews, I learned that if time management became a priority, stress levels could be reduced but during all of my interviews, the interviewees had never made the connection of time management and stress. Therefore, knowledge of the issue or opportunity, is the first and biggest step.








identifying opportunities in economic and regulatory trends


                                                                            Economic trends

1.       Prices of houses are slowly rising


·         The information in this article leads me to believe that housing prices are rising because between 2017 and early 2018 housing prices have gone up around 10%, and are expected to continue to rise

·         The most likely customer in this market would either be a new couple trying to get a jump on the market before they rise any more, or a wealthy investor buying houses now and hoping the market increases so they can flip it in a year or so.

·         This would be relatively hard to exploit because not everyone has a few hundred thousand dollars just laying around to hope the market continues to trend upwards.

·

2.       Oil and gas prices steadily rising


·         The article outlines and predicts at the current trend what gas and oil will cost per barrel in the coming years.

·         Virtually everyone who isn’t living under a rock is a customer of either gas, oil or both

·         I do not think its relatively tough to exploit because gas and oil are available just about everywhere now a days anyone can buy some, yes, the prices of both have fluctuated and gone up and done in the recent years. But both products are still everywhere,







                                       Regulatory changes

1.       Trumps tariffs


·         This is an article about the tariffs trump just placed on Mexican imports.

·         Any company that has mexican imported products on there shelves. A large number of United states based companies have plants in Mexico.

·         To exploit this all that would need to be done is stop buying Mexican products or having plants in Mexico. The price of certain items will skyrocket and likely effect the American economy

2.       Interest rates.


·         This article suggests mortgage rates are falling and will continue to fall.

·         Anyone looking to purchase a home.

·         In order to exploit this, the more banks you look you are more likely to get better rates and more incentives to pick that particular bank.


identifying local opportunities


1.  1.     St. Petersburg restaurant reading room is closing for the summer, maybe for good


·         This article is about a very popular restaurant located in St. Pete and is home to the semi-finalist for the 2018 James Beard foundation best chef award. The restaurant isn’t as successful as it has been in the past and isn’t making as much money in the past.

·         The problem presented in this story would be that not enough people are either eating out anymore because they would rather personally cook, or they simply can’t afford to eat out.

·         This is a problem for everyone that works at the reading room because they just simply aren’t making enough money.



2.     2.  Tampa city council aide submits her resignation a day after her “cough” video went viral


·         This story is about the council women who resigned early Thursday afternoon after allegedly “coughing a curse word” as she walked by the table. Apparently, it was known that she was upset about the ruling that was being announced by the rest of the council when the cough occurred.

·         The problem presented in this story is that there wasn’t a consensus in the voting and people were clearly upset with the ruling, resulting in an open seat on the Tampa city council.

·         This is a problem in my opinion for the city of Tampa. There is now an open seat that needs to be filled when other issues are at hand.



3.       3. Mother in custody after Hillsborough deputies find 1-year-old missing boy safe


·         This article is about a mother who was taken into custody after child protective services reports that she was neglecting her child. Her child went missing for roughly 9 days and was found safe. The child is in good health and safe.

·         The problem in this article is child neglect by the mother. The mother already had a warrant out for her arrest and was clearly putting the child in danger.

·         The person this problem occurs to is the child. Especially at such a young age young kids need to be watched carefully, so I’m quite sure if the neighbors called CPS on the mother it wasn’t the first sign that the child was being neglected.



4.   4.     Aggressive, 11-foot alligator busts through window of clearwater home.


·         The story is about a clearwater home that had an alligator break through the bottom window near the kitchen. Luckily alligator trappers were able to secure the gator and no one, including the gator was harmed.

·         The problem in the story is alligators can be very dangerous and usually unaggressive. The alligator breaking into the home says it seems very aggressive and hostile.

·         This can be a problem for other homeowners around the neighborhood.





5.   5.     Largo finds alternative to reducing speed limits


·         This story is about the city of clearwater city council deciding to not change the speed limit in residential areas and needing to come up with an alternate decision on how to make a change. They are still making decisions on what the best way to invoke change would be

·         The problem is the speeding. Being a residential are there could be kids or elderly people walking around the neighbor hood and speeding can be a very dangerous thing

·         This can be an issue for any living in or around the residential areas where the speeding takes place.




Friday, May 24, 2019

forming an opprrtunity belief


My belief and post come from people who absolutely must have the newest iPhone when it comes out. I personally believe this is an unnecessary need of something that is in such high demand. This is a need that is generally met asap by most customers. This need comes from people always wanting to be better and have the best of everything. Some people are neglecting other areas that are more important just to satisfy this specific need.



I talked to one lady who had the iPhone X. I had asked her when she got the new phone, she explained that she had its preordered months before it came out and was in line the day it came out. She also told me she had done this for the past 2 years when a new iPhone came out and would likely continue to do this in the future. She expressed her joy for the iPhone and apple.

I learned that this lady was loyal to the brand regardless of what else was happening outside of the brand.



I spoke with a second lady who had been given an iPhone x for Christmas after having an android her entire life. She began telling me how some things were easier to do, but overall learning how to do certain things she had gotten used to on her old phone became difficult or challenging. She said she enjoyed the phone but if given the choice she would have likely kept her old phone and not had to relearn how to do everything.

This was an elder lady who hasn’t had many smart phones. I learned that even though she likes this new phone she quit frankly doesn’t care about the name brand phone or what’s more popular, she wanted what she was comfortable with.



The last gentlemen I spoke with explained to me how he didn’t have the new iPhone but was anxious to get it. He is currently waiting out his old phone contract to receive a free upgrade and was not willing to pay $400 just to upgrade when he has other things that are more important.

Even though this gentleman seemed excited about just the idea of a new phone, he realizes it isn’t the most important thing now and is more then willing to wait it out.



My opportunity believes didn’t change at all throughout this exercise. Although there are always going to be people who absolutely must have the newest item or accessory, there will also be people who either don’t care much for it or want it, but not want it enough. I don’t think entrepreneurship should really adapt or change anything off customer feedback unless it’s a recurring complaint or issue.

entrepreneurship


I used to coach travel softball and one of the parents of the kids I coached was a personal salesman for AdvoCare. Whenever we talked, he used to tell me about trips he would take on business and all the people he would meet and talk to around the world. He made an upward of around 70k a year just based on what he sold.



I took this class mainly because it was the only summer class available for my sports management degree requirements.

Image result for college degrees

Bug List


Bug List



11       When I am speaking, and people interrupt me

-          I believe people interrupt others because either they believe what they have to say Is either more important or what you’re saying isn’t important

22      Not having basic manners

-          I wish I had an explanation as to why people don’t possess basic manners

33   Being rude to waiters/waitresses

-           Most people don’t understand the struggle of working in the restraint industry

44     Bad hygiene

-          Either most people don’t realize they have bad hygiene or might not care

55     People who don’t know how to park

-          Again, I believe this is more about people not caring

66     People who walk slow in a big group

-          Maybe they are just trying to enjoy the view or talk?

77     When I go to circle K and the blue Powerade tap is out

-          Its too good they can’t change the tap fast enough.

88     People who don’t wear socks with their shoes

-          It’s just gross

99     People who wear socks with sandals

-          Doesn’t it make your toes chafe?

110.   People who wear jeans to the gym

-          Just wear some gym shorts, its literally in the name of the shorts.

111.   When you’re taking a picture and people walk through the shot

-          Just wait or go around.

112.   People who kick the back of your chair numerously

-          Once or twice is ok, but to do it the entire time?

113.   When someone honks at you .3 second after the light turns green

-          You can’t really be in that much of a hurry

114.   When I’m behind someone at a gas station who is scratching off their lottery tickets while not getting out of line and making me wait behind them.

-          Just step out of line and do it.

115.   People who put their dogs in a purse.

-          Idk why this bothers me or why people do it, people just need to stop

116.   When I’m eating and I bite my tongue.

-          This isn’t anyone’s fault but my own, and idk why it happens.

117.   People who show up to a grocery store or gas station without a shirt on

-          Just throw like a tank top on.

118.   Parents who allow their kids to run around a restraint.

-          Just please control your kids

119.   People who miss the trash can then don’t pick up their garbage.

-          Stop littering, it would take 3 seconds to bend over and pick it up.

220.   After I get a haircut and there is a noticeable difference, and someone asks if I got a haircut.

-          Just tell me nice haircut.