Testing the Hypothesis, Part 1 (Assignment 7A)

1. The opportunity I am choosing for the class is to capitalize on the fact that people in today's society do not want to be plumbers and electricians, and therefore, I want to create a company with skilled plumber and electricians to serve the upper class and their household needs.

2. Because of the above problem, there is a shortage of available and reasonably priced plumbers and electricians in the U.S, and therefore I will pursue this problem and list the following.
Who: The who is people in the U.S that are struggling to find a decent plumber or electrician.
What: The what is finding these people easily, locally, and at a decent price.
Why: The why is due to everyone's and society's perspective that in order to be successful and accepted in society, one has to be a professional, like a doctor or lawyer, and that nobody really wants to be a worker in the original service-based industry.

3. My hypothesis is that if I can create a company that can very effectively target an area of a state in the United States that has a lack of plumbers and electricians, and base my company there to service those needs, I can make a decent profit. Also, I would need to make sure that that area or areas are in a relatively upper-class region of the given state, and that this problem really occurs to enough people for it to be feasible. I believe that this opportunity exists with the wealthier community as with the lower class community, they are more likely to fix their own issues or know someone that can do it for them, compared to the wealthier community that are less likely to have those connections with their professional acquaintances.

4. After interviewing 5 individuals from different social classes, ethnicities, and from different parts of the U.S, I found some very interesting information. In summation, I found that my idea of this opportunity is quite spot on. In my home town of Boca Raton, Florida, I talked to two people, both of which are in the upper class earning higher than or equal to 6 figure salaries, both of which agreed with my point completely. They told me that I would need to definitely partner with construction firms as they are the people who currently refer specific electricians and plumbers that the new homeowners can contact in need of help, but that these people are sometimes not reliable, and charge crazy rates. When talking to two others (one from Ohio and one from New York) who fall into a middle to lower class social status, they still agreed with me that the need is becoming more prominent, but that they do have more accessibility to friends and neighbors that can fix most of their problems for them at no to little charge. They live in neighborhoods where their neighbors are sometimes in that field, or due to trial and error, have simply learned these skills and can help them with most issues they find. Some things I did not think of or was not aware of is the fact that it is going to be hard to find and train these plumbers and electricians in the first place. Because I stated before that most people do not want these jobs anymore, I completely did not think of how I was going to find them in the first place and some interviewees pointed that out to me, which was a little funny. Overall, I found that the who is most definitely people in the upper class with little to no expertise or knowledge in where to find electricians and plumbers, and that the what is sometimes there and sometimes not, meaning that some people may have these connections and have their needs met, but that a lot of others do not and are in search of a feasible alternative. Also, for the why, I noticed that this need is not always needed, but that, again, the upper class are more in need because of their connections with people in these fields.