24A – Venture Concept No. 1

Nov 13, 2019

Opportunity

The is no denying the increase of smokers vaping and using e-cigs especially with vaping companies targeting teens and young college students. The opportunity is to raise the age of smoking tobacco all of the United States to the age of 21 to prevent health issues and stop the younger population from using them. The is for sure a need to stop the use of vaping by increase the age with teens becoming very sick and others have died from some sort of electric vape. The people who have the need to raise the age is parents of vapers and teachers who see how addicted they are and how quickly they have become popular. The environmental factors that have made vaping how big it is, is how the vaping companies are targeting and making them for. Vaping companies know where to shops and know how to make fruity flavors that will attract the younger crowd with a sleek look. The results were a huge increase in vaping in the younger population who have never been addicted to tobacco. The market is targeting young college students there are over 25 vape shops in Gainesville alone so by raising the age there will be no need for all of those shops. 

            Customers now in areas that aren’t raised to 21 are still promoting and addictive device to young adults and are enabling them to be addicted. Vaping companies make so much money on making their product so addictive that’s how they are making so much money. By making the age 21 vaping companies will be stopped from their terrible products. The customers who have been using vapes and tobacco products that are under 21 will have to stop smoking or find it on black market. This opportunity is very big because it will make a difference in the country making us feel united and health regulations will be better. The window opportunity is going to be open until something bad happens which is inevitable because sicknesses are already arising so it better to make this change before it is too late. 

Innovation

The way raising the age to 21 on tobacco products works is all states will adopt this law and we will make history as a country. We as students learn about prohibition and all the other important laws that were changed to make a difference and right now is our time to make that difference. Vaping and the use of e-cigs have become an increasing health problem from the fact that its more accessible and are able to do it anywhere. The scary fact about being able to use it all day long is people do and that can only become a health problem and since they have not been out long, we do not know the long-term effects. So, my hope is to make the younger population aware that vaping is not any better than smoking cigarettes and that if we see our friends and loved ones do it not to encourage them and make them aware of how dangerous they are. Making the country aware that vaping is not an alternative 

I would say that this law changing the age is an incremental innovation because it is a market that already exist and is making small changes right now in some city but looking for a change in the country law.  

Venture Concept 

The reasoning behind the push for raising the law is the overall health of American especially worrying about teens and younger adults. I don’t think this law will be hard to pass because it is already getting passed in some cities, like Gainesville, we just have to make aware of how successful the cities are doing with the age being raised. Competitors are vaping companies that are competing to make the next product to that will blow up and be the new rage. Once the age is raised, they are going to lose a lot of business because they will be losing the customer base from the age of 18-20 which doesn’t seem like that much of an impact. Even though that 2 years being changed doesn’t seem like that much of a loss for vaping businesses it will impact their business a lot because that is the audience they are targeting. Once the laws are changed to 21 all of the United States will have to enforce the laws and make sure vaping shops are too. 

The three minor elements

The secret sauce that I have is the passionate and the unity of the country. Having the law being raised will allow Americans to feel that their health is main concern that the government has, and right now is a good time to make a change. 

After the law is raised, I want to see how that change has affected the population and see if vaping dies out or if younger adults just find different ways to access tobacco products. 

In five years, I see that teenagers that are addicted to tobacco products will have decrease dramatically and that vaping companies will go out of business. If smoker is decreased among teens and younger adults I will feel very successful about how the opportunity has developed and achieved.