Efficiency is the name of the game at Agents of Efficiency (obviously) so we’re making it even more efficient for you to improve your business. Every week, we sort through all the boring stuff to bring you only the best tips from the wide world of the web. For this week’s #2tips4tues, we examine trying to predict the future — or, even better, creating the one you want.
SEEING SEVERAL MOVES AHEAD
The label “visionary” is regularly handed out to the likes of Steve Jobs and Elon Musk. However, the secret to seeing into the future is often unglamorous. Successful ventures are less anomalies and more intelligent developments borne out of past events. Viewed this way, Uber isn’t a disruptive company. It’s an eventuality that bundled trending technologies of location services, mobile payment, and the gig economy, and expanded to AI for its self-driving car service. As for the future? You can bet on two things: Uber has already planned several moves ahead, and your competitors already have most market trends on their radars. So how can you gain an edge and see several moves ahead? As reported by Forbes, predictive analytics is a tremendous resource to map future markets with an accurate compass. Do your homework.
TO PIVOT OR NOT?
We must prepare for what lies ahead because there’s arguably no worse enemy to efficiency than being blindsided. Take, for example, the booming drone industry, where a new market has blossomed in its wake: drone shields. Fast Company recently reported on government agencies and private industries combating drones with technology that blocks the devices’ remote signals and sends them back to their pilots on the ground. This important development leaves us asking: How will the industry react? A series of pivots may be in order. As Entrepreneur.com advises, entrepreneurs often need to swallow their pride and pivot, a decision that is never easy: “Don’t look back. One of the biggest challenges in pivoting is the uneasy feeling that maybe you didn’t make the right choice. When you decide to take a new path, it needs your full support and attention. Anything less means you’ll never know which way works best while spreading your business dangerously thin.” Ask yourself how your venture can maintain its powerful trajectory or, if necessary, pivot. If you’ve done your homework, you’re one step closer to the answer.