Wednesday, August 30, 2017

Change: The success of future business: Time to collaborat...

Change: The success of future business: Time to collaborat...: There is much talk of Innovation and Technology and the next big thing, unicorn businesses(Companies that start small and expand exponential...

Sunday, August 13, 2017

The success of future business: Time to collaborate and share

There is much talk of Innovation and Technology and the next big thing, unicorn businesses(Companies that start small and expand exponentially so that they become billion dollar companies in as short time), Start ups (New businesses), Tech Hubs (Places to tryout new technology), Hackerthons (Groups of people thrown together to work on an idea and see if it is a viable idea or business), Co-working spaces/ launching pads (Places where young startups can lease a space with other businesses and have the opportunity to share information, collaborate on problems, businesses can give and receive support and advice from peers, It can even be a place for businesses or government to come to for help to solve problems by posing it to community in the space.

So now we have this new hip jargon that a new breed of business owners will use and benefit from, but what about the non- hip businesses that still work in a 'Silo,' or in their own confines. They are sort of hiding from the rest of the community doing their own thing. That maybe ok for the short term but in the long term they can miss out on so many opportunities. In 2014 Glasgow, Scotland held the Commonwealth Games. There was no one builder that could build the Games village on it's own. So four Glaswegian building companies came together to win the successful bid on the Games village.

Sharing and collaborating in this day of very fast changes to technology means that businesses can stay current and work together to take on the big jobs. Ebay would not be the massive $36.6 Billion it is worth with out all the small businesses and individuals using it's website to sell goods. If you look at nearly all the big organisations they are allowing people and businesses to collaborate together and reach as many people as possible while also teaching new methods of acquiring clients and customers.

The future of any business is for it to be aware of what is happening in it's space and adapting to the changes to survive. No one big or small is immune. It is more important than ever to connect with your own staff, customers, other people and businesses, to be creative and think outside the box. This challenges many business owners and may even scare them but it is important to become part of the process. I still believe in gut feelings and having confidence in what you are doing. It is the confidence part that scares people away from new technology. The fear of stuffing things up. Luckily new technology is generally made so that it is easy for people to use. Or you can employ someone that is good at it an be kept informed of the progress. Communication is the key.