The above is the intro from my most recent article for Upsize magazine. Here’s a link to How to make your website smarter, to build customer trust.
There was an interesting article on Inc.com titled “Up Next: The Greatest Era of Entrepreneurship and Small Business The World Has Ever Seen“. It points out six trends that will drive growth and entrepreneurship:
- Micro-entrepreneurs. If you’ve sold on eBay, Craigslist, or Etsy, used Uber or Airbnb, or used a service like TaskRabbit, you’ve experienced micro-entrepreneurship. Some estimates state there are as many as 15 million micro-entrepreneurs
- 3D printing: 3D printing redefines what it means to be a manufacturer. The article shares the story of a teen who made a prosthetic arm for a few hundred dollars (vs. $50K)
- Crowdfunding. To date sites like Kickstarter, have raised $3,000,000,000+. With crowd funding, capital is available to all.
- Free failure: Between micro-entrepreneurship platforms, crowd funding, and free or inexpensive hosting and cloud-based platforms, the cost to try is almost zero.
- Boomers: By 2030, there will be 70M people over 65 and a lot of them will keep working.
- Internet for all: Today, 2B have access. In 10 years, most of the world will have access. That’s 5B more connected customers and companies.
In a recent article in The Economist, my favorite magazine (minus any that report on realty TV ;-)., has a great article entitled “A very British business: Some lessons from the success of Britain’s elite private schools.” The article notes three areas where business could learn a lesson from (essentially) K-12 schools in Britian:
- “The first is that ‘tradition’ and ‘innovation’ need not be mutually exclusive.” In short, you can be in a business and still have enough vision to innovate/re-envision the business.
- “Performance measurement isn’t something performers are scared of. “I had a call today with a former long-term client. His son is looking at attending a boot camp. I shared to ask for scores and placement rates at program completion.
- “…insiders can make the best revolutionaries.” In the article, it shares that effective transformers can come from inside a business. I agree.
The state of small business, in my opinion, is pretty fascinating. Here are some stats from a Business Insider infographic:
- The U.S. government defines small business as less than 500 employees and 50% of workers work for small businesses
- 65% of new jobs since ’95 are in small businesses
- Only 7 out of 10 new employers last two years, half last five years, a third make it 10 years, and only one out of four makes it 15 years