What entrepreneurs cannot afford to overlook?
With ubiquitous availability of information & coming up of new technologies, it is going to be hard for entrepreneurs ahead. Due to technological development, it has become easy to build a billion $ company in a very short time than compared to earlier times when it used to take 2-3 decades.
It will be a bigger challenge to stay relevant for small entrepreneurs. So, what one thing entrepreneurs cannot afford is to ignore technologies that are going to shape our future.
Impact on small entrepreneurs:
√ They only have the choice to shift to businesses that are related to technologies coming up.
√ Why only single choice? Because it is really hard for them to fund for R&D. R&D is going to be an edge to big corporates.
Staying updated: is a MUST. Read about technologies & how they are going to shape our future in coming days.
Read Read & Read untill you understand. Then look for ways to integrate new technologies in your business model.
Elon Musk is a great example of present time. He is a self-made person & read as many books as he could on science & technlogy so as to arm himself with “right knowledge” that would be relevant in the present. And guess what? He is truly changing the world with innovations in Space Technology & Electric Cars.
With Great Love,
Er. Amit Yadav