6A – Identifying Opportunities in Economic & Regulatory Trends

Opportunities from economic change:

1. The percentage of aged people in China is increasing rapidly (data from China Bureau of Statistic), a lot of aged population will need retirement home to be taken care of. My plan is to set up a retirement community in US. A friend of mine want to move his parents to US but they were afraid of being longly without friends in US because they can not speak good english. This community will provide the elder citizens from China better air, medical care and environment to enjoy their quality elder life. The target customers are elder rich Chinese who want to live in US either for better medical care or better life quality. I come from China and study in US, and I have friend who have interest in this idea, which make me the few people who have this idea.

2. There are a increasing foreign investment demand in China(data from China Bureau of Statistic). More and more people want to buy asset in foreign countries, especially US and Canada. My plan is to build up a real estate purchase network facing Chinese customer who is trying to purchase asset oversea.  The target customers are rich Chinese who want to purchase real estate oversea. I come from China and study in US, and I'm considering purchase a house in Florida, which make me the few people who have this idea.

Opportunities from regulation change:

1. As the trade agreement between US and China will be settle down soon, the protection in IP and trade mark will be reinforced in China to protect US companies. My idea is to set up and IP trading network to match the potential deal parties. The target customers will be the US companies who willing to lease or sell the IP and Chinese company who looking to purchase or use the IP. I come from China and study in US, and my dad was involved in an IP leasing agreement recently, which make me the few people who have this idea.

2. US government is closing up the border to Mexico. My idea is to build up a organization to protect the right of legal foreigners to be treated fairly. We will fight for the right of them. Our target customers are foreigners who affected by the new regulation and lose their lawful rights. As a foreigner I have sympathy with them and want to do something for them.  

5A-Identifying Local Oppotunities

1.

Apparent tornado touches down in Lake County, no reported deaths.
https://www.gainesville.com/news/20190124/apparent-tornado-touches-down-in-lake-county-no-reported-deaths
Trees and structures damaged in tornado. Luckly nobody injury.
Houses in Florida are Fragile. However, Florida suffer tornados a lot. It has been a historical contradiction.
Most countryside house owners have this problem.

2.
Cilantro Tacos at Tioga bento, Mother’s North now open.
https://www.gainesville.com/news/20190123/cilantro-tacos-at-tioga-bento-mothers-north-now-open
New stores open in Gainesville.  Cilantro Tacos was an famous truck in Gainesville and the owner open an new shop.  Bento is a great and friendly shop in Gainesville and the owner start a new shop.
Gyro Plus reopen in Gainesville.
New shops open in Gainesville. But not one mentioned about delivery related industry.
People who want to eat at home.

3.
Expert: Timber industry needs years to recover from Micheal.
https://www.gainesville.com/news/20190122/expert-timber-industry-needs-years-to-recover-from-michael
Timber industry damaged during hurricane and need a long time to recover.
Timber industry need a lot effort and the help from many other industries to recover from the damage.
People inside timber industry or people who need to use timber.

4.
Science , English, math teachers in short supply.
https://www.gainesville.com/news/20190115/science-english-math-teachers-in-short-supply
The annual report indicates that certified teachers are suffering a shortage compared to elementary education.
Students are facing a situation of lack of teachers and bad education.
Students are the main person with this problem.

5
Recall: Chocolates could be contaminated with hepatitis A, FDA warns.
https://www.gainesville.com/news/20190110/recall-chocolates-could-be-contaminated-with-hepatitis-a-fda-warns
Some chocolates produces by a Kentucky company could contaminated with hepatitis A.
People can’t decide witch chocolate is safe to buy.
People who love chocolates.

4A – Forming An Opportunity Belief

I used to work in a local restaurant in China, which sells fast street food. From the working experience, I found out how attractive food can be. Tourists came from far away just trying to taste our food. Right now in Gainesville, lots of students and international students live in town for college. However, there is no such Chinese street food restaurant for a party or after hour service. This need existed for a long time. This is the reason why I am 100 percent sure it is a great idea to open a street food shop in Gainesville.

1. Chinese international student.

 Is an authentic Chinese eatery attractive to you?
 Yes, a lot.

 How often would you go there if the food is good?
 Twice to three times a week.

 What's your favorite restaurant now.
 Gator Suyaki

 Reflect: It attracts Chinese international students a lot.

2. American Chinese
 Is an authentic Chinese eatery attractive to you?
 Sure.

 How often would you go there if the food is good?
 Maybe once or twice a week.

 What's your favorite restaurant now.
 Bj's

 Reflect: American Chinese are interested in it.

3. American local
 Is an authentic Chinese eatery attractive to you?
 I will give it a try.

 How often would you go there if the food is good?
 Once a week if it is good.

 What's your favorite restaurant now.
 Longhorn steak house

 Reflect: It will more like new stuff worth to try.

Summarize:
After the short survey, I think I still got 90 percent confident to establish the business and it is more accurate. I think entrepreneurs should always and to a great extent follow the market's advice. 

3A – Your Entrepreneurship Story

I am a 21 years old entrepreneur who owns a used car dealership in Gainesville.

The this idea comes to me when my friend tried very hard to looking for a car, but dealers here are dishonest and hid very high dealer fee. As international students, we lack of the ability to do a wide range of searching and compare. That's why I found this a business opportunity to open a car dealership.

It's not easy at all to start my own business. I faced so many troubles that I did not ever expected. All the paperwork, tax, license take more than I expected, and also the regulation for the employee managing. But fortunately I determined enough to went through it. And everything is getting better now.

The reason I took ENT 3003 is also about my business. I almost know nothing about business before. Both my parents are department manager who have no entrepreneurship experience. I believe from ENT 3003, I can learn a lot useful knowledge to be applied to my business. I want to be a successful entrepreneur in the future. I expect a lot in ENT 3003.

2A Bug List

1. Food delivery apps are slow during lunch time and expensive.
Why: People live separately and there is no enough customer using delivery.

2. Gaming Earphone need to be charged rapidly and can not last long enough.
Why: Weight and size limited the duration of the earphone.

3. Washer and dryer are separated and need to move cloth to dryer after washing.
Why: Bad Design.

4. Tired of peel potato.
Why: Potato are hard to keep when peeled.

5. Always forget things to do.
Why: Lack of a efficient time managing app.

6. Want to eat authentic Peking Duck.
Why: No one's making them.

7. Small electric devices are too expensive.
Why: Need import from countries who manufacture them cheap.

8. Have too many cables on desk and they are in a mess.
Why:  Need cable organizer.

9. Need to carry credit card all the time.
Why: Mobile payment system is bad.

10. I am gaining more weight.
Why: Food contain too much fat and sugar.

11. My VR is limited by cable.
Why: Wireless transmission is slow and unstable.

12. My Amazon Alexa always misunderstand me.
Why: The recognizing system need to be trained more.

13. Can not find good wine as a ordinary people.
Why: Need a rank in each aspect of the tasty of wine.

14. My utility bill is high.
Why: The huge glass door in my apartment can not close completely.

15. My bath tub is too small for me.
Why: The bath room is not big enough.

16. Can not find a place to buy scallop with shell on.
Why: Nobody except me want to buy it.

17. Hard to clean cat litter.
Why: Need a product to clean it automatically.

18. Orange is hard to peel.
Why: Need peeled orange for sale.

19. Hate to briefly wash dishes before take it to dish washer.
Why: Dish washer can not take large garbage.

20. I want to watch movie when driving in a long distance.
Why: Driver can not do anything else when driving.

Reflection: It's not that hard after all. I feel there are so many thing I found difficulty around me right now, even it is a minor one, which means there are a lot of things can be done to improve our lives.

Sining's test post

Here's my test post for ENT3003.