Change is a double edged sword in business.
It can render what we are doing now, less relevant but simultaneously provide us with new opportunities.
One thing that we do know is that change is constant and always happening.
It is not something to be feared but to be welcomed, planned and catered for.
We welcome change when we consider that it presents us with new needs that can be met. We can develop new businesses around these unmet needs.
Astute observation and anticipation are the skill we need to develop in order to turn change and new trends into an opportunity.
Changes come in various forms.
- Demographic changes - shifts in the population related to age, race, gender, ethnicity, religion, income language, education etc.
- Regulatory changes - national, federal, state or local government and other relevant regulating bodies etc.
- Technology changes - new inventions and other innovations, improved inefficiencies etc.
- Cultural changes - shifts in norms, fads, fashions and other group behaviour.
We need to find the areas that apply or could affect our business the most and keep ourselves abreast and up to date in all of these areas.
Usually success is processed out of comfort zone ( changes)
Yup. Who moved my cheese?
I agree,especially when it is about forsaking old methods of doing business and embracing new ones. A lot of people are so angry at changes in the status quo - the very key to success. Much like the countries who are against cryptocurrencies.
Haha .. you are right .. and to add to you .. early adopters to the new uncomfortable or unusual directions /changes ( individuals or countries) ... are the much successful comparing to the herd of later followers after the norm has already been stated , and “the new” has become no longer new :)
Yeah...imagine if we bought bitcoin when it started,we'd be worth millions by now. Same with Steemit.
Even though the risk of following a newly started trend,or even starting a trend is super-high,the rewards - if successful - can be pretty comforting. It sure will make one forget the hard times of risk taking.
Don’t remind me ! I am hitting my head to the wall .. whenever I remember how I ignored a young teen when he first told me about bitcoin in 2010 😣 and just heard back again about it 6 months ago 😩
Hahahaha...it hurts man. But,it's not too late to make some fortune.
people often underestimate the importance of change.
We can't avoid changes in business do we?
One thing humans are better at than most species.. is adaptation to change. It's one of our blessings. Growth cannot happen without change, progress does not happen without change.
Great post! :)
It's not so scary when you're risking bit by bit with time but when you go all in at once..., DAMN!!!!
Current situation
Any business that does not plan for unforeseen changes does not have the strategy for survival. This is particularly important these days of technological and political upheavals all around the world. Such businesses die off at the very first sign of trouble.
I agree with you completely that change is inevitable. As they say, it is the only thing that does not change.
Thank you for this important reminder to be prepared for changes - expected and unexpected.
Exactly bro. Somthing Ben Carson called, "preparing for worst case scenario".
So true
Apparently, intelligence can be measured by the ability to adapt.
Nice thought @sme. change occurs because there is treatment. all changes happen to be better depending on how people respond to the change
Nice post.I respect you very much because you contribute to steemit.I will do activities like you.I would like to extend the steemit.
change is important for win
Good post, i like it
It's through curiosity and looking at opportunities in new ways that we've always mapped our path. I agree with you about various forms changes .
Amazing Share @sme this post simply made my day.. :) ☺
Well brought out. Change is something i accepted in my enterprises. I always study the new trend in technology, the nature of people in the market, for example, whether it's the youths that make the most in the community and going with the new trends that will attract their attention, the culture; we have lots of cultures here in Uganda and each has different demands, the regulations around; for example the new taxes.
This post is a great reminder for us to be calculative and better our market research before we start an investment.
Can I give an advice about your enterprise? Apart from studying new trends in tech and other fields,try predicting the future by looking at history. Remember the popular quote : Those who don't learn from history are bound to make the same mistakes? It will help a lot to keep you ahead of your competitors and also make you a lot innovative. Especially here in Africa where most companies want to do everything the old way.
Just an advice bro. Wish you success in the Ugandan economy. From a Nigerian brother.
Not responding to change leads to stagnation and the possible failure of the enterprise. Change management is a huge undertaking for most businesses. Employees tend to be comfortable with the status quo and will display an aversion to changes in various ways. Executive sponsorship and persuasion helps with change management.
Amazing! Talking about a business plan with one my buddies, and this article pops right in my face. Great post!
AGREE:)
Change according to time makes you great
Thanks for sharing these great business idea
This is short but thru article. “If you do not change direction, you may end up where you are heading.” -Lao Tzu
It’s very crucial to follow the trends and change accordingly. If you stop to change, you lose!
I agree with you on that, change can be deadly for any aspect of ones' life if not well planned and calculated.
As welcoming as change can be. It can also be disastrous
Nice post @sme .
I think it’s very important to consider both the positive and negative outcomes before jumping out of the ‘comfort zone ‘
I believe that the only constant thing in today’s world is actually change. I love your post because we need to adapt and that is the only Way to any kind of success
Yes, change can be quite destructive for a lot of us, but for a lot of other people, change in the right way to success. Sometimes you just need to try something new, and it will pay off.
it is always the same. People want to change something in their life and be successfully, but they have no courage to leave their Comfort Zone.
But is important to do a step into the unknown , this is the only way to grow!
Change somthing in your life and become the person you want to be!!!
The only certainty is uncertainty, we can only accept that and be curious about the future. We will not win the war against the uncertainty by avoiding changes, instead we find stability by embracing risks and telling the universe "bring it on".
It is said if we do the same things day after day the result will be the same. So yes only changes can bring us to success.
Nice article. The way I see it..its almost imperative to fall in love with change. The nature of existence is adaptation. I make it a practice to never get too comfortable with one position, place, or way of being.