Friday, February 8, 2019

Testing the Hypothesis Part 2


A lot of opportunities are overhyped, but here are some reasonings behind by opportunity, the method to my madness!

Who: There is a large portion of people that aren't going to be affected by natural disasters, and these people would fall out of my boundary

What: Disaster relief varies from other services and products because at the end of the day, it's borderline essential. When a disaster hits, someone is going to have damage necessary of fixing. And there are going to be people who would rather invest money in products that would limit this damage.

Why: Outsiders who won't need the products or services live outside an actual geographical barrier that makes natural disaster far less likely where they live. For this reason, they won't invest in the product.

Interviews:

  1. Disaster Relief Company CEO

Q: Have you seen an increase in natural disaster?

A: Oh, of course. Literally within the last few years, since hurricane Michael, I've had a busy work season each fall.

Q: Do you think this is a very location dependent job?

A: Well I would have said that a while ago, but look at the polar vortex; I guarantee some people are gonna have some damages in need of fixin'.

Q: Do you think the market is oversaturated with companies?

A: My office is located in Dayton Beach, but I'm getting calls to do work over in the panhandle left and right. I don't know if that answers your question, but I think if there were more companies, they wouldn't be calling me.

  1. Financial Advisor

Q: Have you seen an increase in natural disaster?

A: I don't know if I would say yes? I'm not sure, but they definitely seem to be more intense.

Q: Have you noticed this impact on the stock market?

A: Yes. I can't really tell you about things I do but I've noticed company stocks increase and decrease with direct correlation to hurricanes or the fires.

Q: Do you think there's enough money to be made in starting a business in the disaster relief field?

A: Yes. I've witnessed the money to be made in the market firsthand.

  1. Hurricane Survivor

Q: Have you ever experienced a hurricane firsthand?

A: Yes, I've witnessed a bunch throughout my stay her in New Smyrna but it's definitely amped up in the past few years.

Q: Have you ever experienced damage to your home?

A: Oh yes. I had to replace all of my windows with hurricane glass, I've had my roof on my previous home completely removed, it's been a hassle.

Q: If you care to share, would you be comfortable sharing how much you've paid disaster relief companies?

A: Sure thing sweetie, I've spent a good couple of thousand in the past few years alone, but I don't really remember entirely.

  1. Restaurant Owner

Q: Have hurricanes ever directly affected your business?

A: Oh don't get me started. This was maybe 15 years ago or so, but once my power wasn't restored for days and all of my inventory became spoiled or rotten. I almost never got back up and running.

Q: Who do you think get affected worst by natural disasters?

A: Anyone in nature's path, obviously. Maybe business owners? I'm not sure how to answer that.

Q: Would you invest in equipment offered by disaster relief companies to help secure your business?

A: If I had the funds, certainly.

  1. Meteorologist

Q: Have you noticed any different weather patterns?

A: Of course, it's kinda hard to deny climate change at this point. Our winter was warm, followed by some freezing days, then back to warmth. Much more extremely high tides, you know the drill.

Q: Do you think natural disaster's are going to be increasing in frequency?

A: I don't think, they already have. It's common sense, look at the facts.

Q: Why do you think a disaster relief company would be a good or bad idea to implement?

A: It's not a bad idea. But I don't know the facts, just make sure that the market isn't oversaturated.



Inside the Boundary
Outside the Boundary
Those living in accident prone areas
Those living in geographically "sound" areas
Assistance after or before disasters
Disaster assistance or precautions
Natural disasters are unpreventable
Some people may just not want to spend money

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