🌳Keep Up with the Trends in your Industry
Every business person should be up to date with the events in their industry. We live in an age where things are changing every second. Even a well situated business can be hit by the winds of change.
If you want to know the dangers in trailing behind just look at Nokia. The executives of Nokia Corporation were reluctant to follow the trend. They didn’t know that a better iOS was in the market until it was late. The downturn in sales was their wake up call.
The tragedy of towing this part is that your little business is not ‘Nokia’ so your chances of having a ‘Microsoft Corporation’ to buy you out is verrrrrrry slim.
So what should you do?
🏓 Monitor the trends in your Industry to stay competitive
🏓 Follower key persons or social media influencers
🏓 Know when something better is in the market
🏓 Work to always improve yourself and your product
🏓Collaborate with some people in your Industry, let them all not be your competition
🏓 Buy or follow Forbes magazine and other reputable business magazines to keep you updated
🏓Attend events, global events to broaden your horizon
🏓 Always integrate the services of young professionals in your field.
Whatever you decide to do, don’t be left in the dark or your business will go down the toilet.
🥂To your continued business success and growth!