2 Business Trends That’s Happening Right Now
Technology has changed so fast in the past 10 years that it has surpassed the past 1,000 years combined. Thanks to the rapid pace of technological evolution, it brought a huge change to the way we live and the way businesses are being conducted.
Whether you’re an entrepreneur or an aspiring entrepreneur, you need to read this and pay attention to the business trends that’s fast changing especially in the past 10 years.
With this, you’ll have a mindset shift that will positively impact your ability to achieving your business, career and financial goals in the very near future.
1) The Trend from OLD, SLOW AND STEADY to NEW, FAST AND SWIFT
Scenario: Today, we are seeing university students with video production and acting capabilities winning major contracts from major firms, beating the traditional, old, big creative agencies. Why? Because their ideas are fresh, new and relevant with the existing world where most eyes are now glued to Youtube and Facebook.
What Does It Means For You?
We are living in one of the greatest times to be alive. Thanks to technology advancement, we are living in a time where for the very first time in history, you can advertise and promote your skills and knowledge on facebook, instagram, or youtube for free!
The power of social media gives anyone the flexibility to quickly ramp up your brand name through promoting your work and delivering value online.
If you’re a skilled worker like writer, designer, actor, marketer, web developer, or singer, you no longer need to clock into a traditional job every day to enjoy your craft. You can be in control over your schedule and continue to pursue your passion and your dreams.
2) The Trend from CENTRALISED AND CONTROLLED to COMMUNITY AND NETWORKED DRIVEN
Scenario: The boom of bitcoin shows just how deeply distrustful people are towards the centralised monetary system. Bitcoin was created to solve the problem of a centralised fiat currency system through the creation of a peer-to-peer electronic cash system. That’s why some experts call bitcoin the ‘people’s money’.
And bitcoin is not alone. In the early 1990s, Microsoft saw the way the world was going and knew that PC will have tremendous potential for multimedia and access to information at homes. Microsoft then invested millions into a product known as Microsoft Encarta, an online encyclopaedia. Which was later killed by the power of crowd. Through Wikipedia. Want to know more about Encarta? Go check them out on Wikipedia.
What Does It Means For You?
Wikipedia is a classic example of an organisation that uses the power of crowd and community to kill off a centralised and controlled organisation. But what matters most is it has also triggered a dramatic shift in the way work is organised, talent is employed, research is conducted, and products are made and marketed.
As an entrepreneur, you can now look to our existing customer base for solution. By creating a robust forum to receive their feedbacks, you can deliver a fantastic experience while instilling a strong sense of loyalty.
You can also turn to your customer base in search for funding and get them to own a part of your business.
I know I’m repetitive when I say this. We are living in one of the most exciting times in human history. Never before have entrepreneurs been able to leverage technology, their customers and each other so effectively to accomplish so much with so little. The wisdom of the crowd has the potential to dramatically change the way small businesses and startup operate worldwide, level the playing field and competing with larger counterparts more aggressively than ever before.