One of my Lyft drivers on this recent trip to Denver was driving to raise extra money so she could buy a house. The interesting part is her main business.Her main business is a niche shoe store selling medical and orthopedic shoes. She said it was relatively easy to get her store started when she moved to Denver because a certain Medicaid regulation provides a budget for orthopedic shoes to those who need it, and this built-in demand brings her a steady stream of customers.I’ve seen regulation create opportunity within the world of software. It creates jobs to be done that internal teams might not be well-equipped to handle.Example: https://philipmorganconsulting.com/dev-shop-marketing-briefings/dsmb-marketing-to-a-horizontal-market/I’ve also seen this type of apparent opportunity never materialize. This seems to happen when the regulation actually has no “teeth”. In other words, when the regulation isn’t routinely enforced. Just like there are sections of roads where everyone drives 30 miles per hour above the speed limit with no consequences, there are regulations that aren’t actually enforced. Insurance agents (NAICS 524210; 179,900 of them in North America according to https://www.naics.com/naics-code-description/?code=524210) are supposed to be regulated by HIPAA, but last time I checked that regulation is poorly enforced.Another one that sort of fits the “no teeth” category is ADA accessibility requirements for websites.As you’re thinking about how to specialize, it’s worth knowing whether there are any regulations that both have teeth and can produce opportunity for you.-PKnow a self-employed software developer who might benefit from specialization? Send ’em this free gift! Details here –> https://philipmorganconsulting.com/referrals/
Insight for Indie Consultants
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