Change is a constant thing when it comes to business. Whether you’re in finance or technology, always making it a point to adapt to new trends plays a key role in boosting your chances for success.
Let’s check out what superstar entrepreneurs, namely James “Murr” Murray, Gary Vaynerchuk, Emily Weiss, and Tim Ferriss, have to say about what things to expect this year and how to use them to your advantage.
Gary Vaynerchuk: “Voice. Everything is about voice.”
Gary Vaynerchuk thinks that entrepreneurs can give their businesses a boost in the right direction if they just harness the power of voice. The CEO and chairman of VaynerX and VaynerMedia believes that consumer voice plays a big role in making crucial business decisions because getting access to new information, new experiences and new actions means a definite entrepreneurial advantage.
James “Murr” Murray: “Virtual reality tickets to your favorite events.”
James “Murr” Murray envisions virtual reality or VR-based live events as a potential industry in the next few months. Since VR is already becoming one of the most popular technological pastimes these days, combining it with convenience will no doubt be a smart decision.
Emily Weiss: “I can’t stop thinking about how AI is crucial to the future of startups.”
Emily Weiss believes that artificial intelligence or AI will be one of the focal points for business in 2018. The CEO and founder of Glossier considers the possibility that the involvement of some sort of AI aspect may be a key factor in helping startups take off.
She emphasizes that involving AI in business strategies helps entrepreneurs add a more personal touch to the way they build up their community while also being able to balance digital developments at the same time, which can significantly help improve customer experience along the way.
Tim Ferriss: “When people are myopically fixated on problems, they often leave opportunities in plain sight.”
Tim Ferriss shares that it’s not uncommon to see at least one major asset class in the United States drop in value by as much as 50 percent in 2018. It could be in the stock market, real estate or some other form of trade.
Now while this may sound rather grim for most business owners, the author of Tribe of Mentors: Short Life Advice from the Best in the World points out that it can actually have a positive entrepreneurial effect.
Instead of panicking, Ferriss advises entrepreneurs to focus on a very positive upside to the whole scenario: many expensive things can now be bought at a fraction of their former cost like acquisitions, advertising and investments.
Ferriss also shares that only the true entrepreneurs will have the mindset to stay in the game no matter how bleak the outcome seems to look. He adds that only the true believers and real performers can see the opportunities left in plain sight when most are myopically fixated on the problems.