If you want to be successful, it’s never too early to start planning ahead for business in the future.
Admittedly, gaming the future in business is pretty tough. Certain business people are better at it than others. These people usually go on to build the best businesses or make a killing in stocks.
If you want to know which direction the world of business is going, then you must be able to ride the wave with your own business. If you can catch that business wave at the right time you’ll go on to succeed. However, if you’re not careful, and you don’t put any effort into looking at your industry and how it might grow, you could be left behind.
As you might know, I’m a bestselling author, award winning designer and happiness researcher. I wrote a book called Happy Habits.
In my research, I learned a lot about how to make sure you develop positive habits which lead to your best life – by embracing specific principles of “habit formation” so you’re better able to build habits of success and bust those naughty habits.
In particular I learned that the three key habits successful people embrace are the habits of…
With this in mind, it’s extremely important that you stay open minded and ready to try new things if you want to succeed in business in the future.
Look at the recent surge in flexibility due to Covid. Flexibility in the workplace is a good thing. A lot of places implemented it before Covid struck. Many didn’t. And then many jumped on quickly when they learned that working from home was necessary. Which businesses do you think did best at riding the pandemic wave?
Below I will share some idea to consider so you can better ensure your business is aligned with the coming changes.
AI is one of those things which is touted around often. It’s getting better all the time. Just look at the transportation industry. It’s probable that autonomous driving will completely shake up the transportation industry, both in the transportation of people, and goods. It’s even playing more of a part in the hidden aspects of the motor industry such as AI in insurance claims processing or adaptive AI in driver assistance. AI isn’t just impacting the automotive industry. It’s getting better at doing taxes and accounts, becoming more prevalent in human resources, healthcare, and supply chain management. Know what’s going to happen in your industry and try to work out what’s coming next so that you aren’t surprised. Sometimes, you don’t have to try and game changes in the industry, but you do have to be aware of them as they’re happening.
Look at Amazon. It’s going from strength to strength even still. Coronavirus sent it soaring even further and it doesn’t seem to have stopped since. They’re branching into fresh foods home delivery, AI shopping systems, game development, programming, streaming, etc. They’re everywhere. It’s why so many people have based their businesses solely on the Amazon popularity. Starting a business on Amazon isn’t easy, but there’s the fact that you don’t have to mess around with raising the popularity of your website. However, you do have to raise the popularity of your product. If you can see a bigger platform raising in success and you think you can sell your product on it, then use it. It’ll give your brand awareness a pretty hefty boost too. The only big drawback is that your profit will be diluted a little by the inevitable fees which come from using the third party service. Whatever the case…Amazon isn’t slowing down, not yet anyway, meaning they’ll still occupy the future.
Focusing on Payments is huge. If you don’t take all kinds of payment, your alienating someone. This applies to card, contactless, cash, credit, debit, and Apple/Android pay. However, keeping tabs on what’s coming is important. Look at cryptocurrency, it’s seemingly becoming incredibly important in regards to the future of payments made digitally. There are many kinds and they’re still rising in popularity. You need to think about allowing people to pay with crypto. It’s the next big thing in terms of currency and it’ll allow you to take a wide ranging amount of payments from different people. It isn’t properly integrated into all payment systems yet but keep an eye on it and be one of the first adopters to properly tap into the business of the future.
It’s a huge part of society. From the basics like Facebook, to the media developed purely for business like Linkedin, there are many platforms which are super successful. They’ve impacted business in a pretty huge way. Some people don’t even use Google anymore, instead, they will just search for what they want in the Facebook search bar. That’s how social media is going to become even more important as the years tick by. There are even social media management companies out there who can run everything for you, shedding light on how popular they’ve become as people don’t want them underused when they aren’t available. Working out how to link your business with social media is really important. It might be that you advertise on there, or perhaps you want to create your own social media page to interact with potential users. Whatever the case, social media isn’t going anywhere and the likelihood is that it will become even more ingrained in life as the years go on.