Times Change; Will Your Business Strategy Change With Them?

The future is coming.

 

As a business owner (prospective or established), you are probably used to thinking far ahead. In the midst of one quarter, your mind is already turned to the next one, and the one after that. It’s the only way to run a business. If you don’t keep your finger on the pulse, then you will quickly find your company being left behind.

 

Mostly, however, you will be focusing on your business. As you do that, with a short-sightedness that intense scrutiny affords, you might not have the opportunity to notice the world is shifting around you too. While you focus on your one sector, everything else might change – and these changes pose just as much of a risk to you.

 

The Future Of… Employees

 

When you’re an employer, you are keenly aware that you are responsible for the livelihoods of many people. In rough times, it can weigh on your conscience. In good times, you are delighted to have a staff of reliable employees who have made this possible.

 

However, employment practices are changing. Contracts are changing; many people want more flexible working than the standard nine-to-five. You need to keep an eye on political changes in case they impact employment law. And you need to be aware of how technology might allow you to reduce your workforce, or at least transfer them into other roles.

 

The Future Of… Your Business Partners

 

Focused on the immediate business aims, you can lose track of the human side of things. Do you have measures in place to protect your company if something happens to one of your fellow owners? Or, if you’re a sole trader, what happens to the company if you can no longer run it?

 

Uncomfortable as it might be to consider, you should be considering key person life insurance and ensuring your will is up to date. You have a responsibility to your staff to ensure that times may change, but they will always have a job to rely on.

 

The Future Of… Globalization

 

If you import any aspect of your business – from materials to end line products – then you have to keep an eye on political changes. The current force of reform is towards an anti-globalization switch, bringing back home-grown manufacturing and reworking trade agreements. If this happens, are you going to be able to cope? Do you have alternatives in place? If not, spend an afternoon thinking of an alternative strategy – a contingency plan that you might not ever need, but will be glad to have if you find you do.

 

The Future Of… Technology

 

Mentioned above, technology may one day trim your workforce as machines and computers can do the same work as humans but without the need for sick days and money. Are you ahead of the curve on this? Do you know what to expect, and have you considered the legal and ethical implications?

Considering all of the above might sound like a full-time job in and of itself. However, setting aside a few days a month to open your eyes to the rest of the world and ensure you’re ready for what’s going to hit is the only way to ensure your business is in safe hands.

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One Size Fits All? How To Pack For Your Specific Trip

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Packing for a trip is one of those things that we all know that we need to do, after all, how are you supposed to take a trip with no clothes? But it’s by far one of the most boring parts of any trip. Unless you’re the type of person who specifically enjoys packing, it can be an arduous, time-consuming experience that leaves you to feel frustrated and annoyed. One of the biggest sources of frustration is trying to figure out exactly what to pack. One of the major mistakes that people make when trying to pack for a vacation is that they don’t think about the specifics of their trip. Sure, there are always going to be things that everyone needs to pack, underwear is important no matter where you are, but there are other things that are going to be specific to your vacation. These are the things that are not only more likely to be forgotten but can also have some pretty serious consequences if they are. With that in mind, here are some simple tips to help you pack for any trip.

 

What documents do you need?

 

Don’t assume that just because you have your passport that you’re automatically going to be given access to the country of your choice. Many countries use a visa system that required you to apply and be approved well before you take your trip. America, Canada, and Australia all use this method already, and Europe is going to start using a similar method in 2020 called the ETIAS. For more info on it check out etias.com. You should also check the expiration date on your passport. Even if it hasn’t yet expired, if it’s too close to the date then you could still be denied access to some countries.

 

Think about the weather

 

What is weather like in the country you’re visiting? More specifically, what is the weather going to be like while you’re visiting it? One of the biggest mistakes that many travelers make is that they assume what the weather is going to be like. Sure certain countries might be known for their beautiful sunny weather, but if you don’t do your research, then you could turn up during monsoon season. If that happens then shorts and a t-shirt aren’t really going to do you much good are they?

 

What will you be doing?
You’ve probably got an itinerary planned for your trip and if that’s the case then look at the kinds of things that are on it. What kinds of supplies are you going to need? Will you be doing a lot of walking and hiking? Then some boots are probably a good idea. Planning on doing anything particularly risky? Then you’re probably going to want to bring a first aid kit along. Being able to think about what it is that you have planned throughout your trip is a great way to give yourself a much better idea of exactly what it is that you need to bring along.

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