Society continues to grow. The demand for new goods and services will be extensions of existing goods and services. Walter Good cites ten trends in the consumer market that will spell out opportunities for entrepreneurs. These include:
“Cocooning” Increased emphasis on eating, entertaining, shopping, or just relaxing at home, which has implications for such businesses as takeout foods, home entertainment systems, electronic security systems, the demand for “smart” homes, home renovations, and a broad range or other home-oriented products and services.
Time-Saving Convenience The desire to “save” time by many consumers will result in growing demand for all sorts of products and services that leverage time, from quick-servemeal systems to non ratailing concepts