Trends Shaping The Future of Work And Living For Decades

The nature of leadership will have to change dramatically if organizations are to harness the benefits and counter the negative effects of the megatrends as likely to have the greatest effect on organizations and their leaders over the coming decade. Here we examine the organizational and leadership implications of one of these megatrends.

Demographic change.

There are demographic imbalances as the world population is growing and aging. Life expectancy is rising but populations are stagnating or declining in the industrial countries of the West and China, for instance, meanwhile, populations in developing countries are booming. Industrial countries will suffer skills shortages and pressure on the welfare system and migration will increase.

Individual Empowerment will accelerate due to trends like Poverty Reduction, Growth of the global middle class, greater educational attainment widespread use of new communications and manufacturing technologies and also advance sin healthcare. The UK has seen the decline in manufacturing and rise in services advances in the technology in the advent of globalization have meant businesses increasingly and people are more likely to migrate to another country for work.

The tradition of nine to five has changed and more of us now work part-time or use flexible hours and many of us work from home for some or all of the time. These trends give rise to some fundamental questions about the world of work today. Has job turnover slowed down? Have we seen the end of the annual pay rise? Are organizations losing the trust of their workers? Are we working harder than ever?

The pace of change has never been faster. To champion batter work and working lives, we need to look ahead, anticipating new trends and be ready with ideas for how to solve them.

TECHNOLOGY AND PRODUCTIVITY:

Most of the people don’t understand the actual meaning of productivity, when productivity goes up it means it took less human being to produce the same amount of goods and services, leads to higher unemployment and we are seeing this in our economy and all around the world. When productivity goes up it means that the job that we used to have are disappearing because they’re being automated through robots or algorithms. Automated machines and robots are entering in our personal life, these machines will become as intelligent as human and might be beyond that. Real-time information on retails sale goes directly to the CFO without needing layers of account to analyze it. “Buddy” will be the major requirement of the senior citizen who is alone and also these robots will take over our larger workforce.

Sensory system, mobile currencies or digital currency like Bitcoins will be part of your day-to-day transactions. Some of all developed nation are now trading in Bitcoins. Even small Baltic nation Estonia having Bitcoin ATMs.

We believe that not one person of from 100th yet understands the full implication of Communication of these mobile and cloud technology.

As an Investor, we need to be aware of some transformation technologies that are emerging. Small companies can access global market instantly in a very low cost. Uber is become biggest taxi company in the world without owning a single car, Airbnb is the largest hotel group without owning a single brick.

By the end of this decade, 2/3rd of the world will be on 3G as compared to a quarter as the star of decades.

RAPID URBANIZATION:

A city is the collection of preferences. It’s the place where people have voted with their feet and the places that thrive, places where people want to live, want to work, the places that satisfy those two primordial human instincts to make the staff to be with each other. Nearly, 200000 people a day, 1.5. Million people a week coming from the countryside to the city in a pattern of distress migration that is swamping the megacity.

By 2030 there’s going to be 4.9 Billion people living in African and Asian slums alone. When there was the whole population of world 4.9 Billion as recently as 1985, so as a company you have got one of the defining challenges of the 21st century. Which is what we going to do with these people. Where the jobs going to be, how we’re going to avoid these crime-ridden slums and the megacities getting swamped. We believe we are going to see a shift in the more cities looks like and it is not going to be a place that built for cars and built machines, it will be a place that built for people.

Urbanization is the outcome of a whole set of megatrends interacting and it is the dominant challenge of the 21st century. If we carry on our current pathway from the species that was 2 percent urban in 1800 and one that’s already 51 percent in 2014 and it’s going to be 70 percent by 2050. It is like we as a species collectively woke up one morning and said- Whoa, let’s change the habitat. We haven’t got a clue how to make that habitat work for ourselves, we seem to be doing it in emerging markets, mega cities, where we’ve got the least possible chance of doing it successfully. Nut we’ve also got a chance with revolutions in energy and manufacturing to have a different vision of the organization, where we make the countryside work, where we make the city work, and we turn it not into a welter of slums but into a series of villages in the city where people are thriving. Songdo is the world’s most futuristic urban area and also international business district. It is a second most populated city in the world, Seoul, South Korea. It built the project about $40 billion. Songdo is brilliantly directly connected to the airport via 7 miles long Incheon. The other theme is the ubiquitous city, which is a uniquely Korean concept where every device, component, service is linked to an information network through wireless computing technology, along for greater coordination and a more efficient and synchronized city than has ever been possible before. Songdo’s trash system which does not depend on garbage trucks, because of the network of tubes will suck in the garbage straight from the cane and through a system’s of pipes, transport it efficiently to treatment facilities.

By 2030, 8.5 billion people will walk the earth they will be drawn to cities in massive numbers for the promise of a batter life. Cities will become bigger and we will have more them. Bigger cities will spur major economic growth bringing billions of new consumers in the world economy. Most of them are emerging markets, dense sitting populations will drive new businesses models, people choosing the share resources instead of owning them eager for services that save them time and effort. But such rapid urbanization will take a toll on the environment. Straining our natural resources and infrastructure simultaneously changing demographics will dramatically shift the tapestry of our society. Fertility rates are declining and life expectancy is increasing. Leading to an older population and shrinking an aging workforce putting increased pressure on healthcare and retirement and government services. But every cloud has a silver lining. In older working population will have greater purchasing power than their younger counterparts creating new untapped opportunities for brands, and the world that is becoming both hyper global and hyperlocal.

A world powered by the Internet connecting everyone and everything, everywhere enabling the growth of a vast digital marketplace and digital platforms that are changing the competitive landscape with startup scaling faster than ever before and market disruption, becoming new norm forcing companies around the globe to constantly reinvent themselves to stay competitive as market sector change so does technology. The pace and breadth of innovation continue to accelerate. Technology components are constantly maturing and becoming more accessible forming the building blocks for new breakthroughs to emerge accelerating us forward.

How will we keep up in the midst of a constantly changing world, we can look to these major socio-economic demographic and technological forces which we called Megatrends.

Simple Ways to Get a Loan for Your Small Business.

businessloan

Business Plan

In the modern age, the desire to dive into entrepreneurship and build something successful from nothing has exploded. With a solid business plan,something to sell, and quality management, people of every kind can become business owners. Managing your own hours, working with people personally, and making money from your passions are all very appealing attributes of a small business that drive people towards the venture.

However, the process to reaching this dream is a bit more complicated than that. Starting up a business is expensive, whether you are managing a brick and mortar store or an online business. Buying the equipment, creating the products, hiring employees, or even just paying your rent until you experience a return in profit quickly stacks up the costs. But there’s no need to worry – where there’s a will, there’s a way. Or more specifically, where there’s a loan, there is a way.

Borrowing money from others in order to see a return on your investment is the solution for you. But where do you get this money? Here are three very simple ways to get a loan for your small business.

A Bank

 

The most favored option out of the lineup is asking a bank for a loan. Most prefer this method because banks are used for a range of loans, not just small businesses, and have created a reputation for being reliable, flexible, and dependable. They also boast of having the smallest interest rate available, allowing you to enjoy the fruits of your business labor rather than pay them back to Scrooge McDuck. How do you go about it?

  • Develop a Business Plan

Since you are presenting your business as an investment option to professionals, it’s important that your business looks professional. These people are trusting you not to go belly-up and flush all their money down the drain, so having a comprehensive and detailed business plan on why your idea will be successful, make money, and continue to thrive is vital. There are many online resources available on how to create one, and several professionals willing to help you with the process for a relatively low fee. By creating a detailed forecast on where your business is going, what your goals are, and how you intend on achieving them, you will instill a sense of confidence in your investors, making them more willing to take a chance on you.

  • Approach Several Banks

Each bank will be employed by unique people who are willing to take unique risks, so even if you are rejected by one bank, it doesn’t mean you’ll be rejected by all of them. Most small business owners recommend contacting nine or ten different banks and presenting your business plan to each, detailing the highlights you offer. While most of them may be uninspired by what you have to offer, it’s likely that at least one will be willing to fund your efforts. Additionally, contacting multiple banks will serve as a learning experience for interacting with different audiences that possess different traits, boosting your skills in interacting with future customers.

Personal Investors

If you want to go with a more freelance method, there are ways to gain funding outside of traditional loans.

  • Friends

While the old saying indicates it’s not wise to do business with friends, professionals may look at it more critically and without the same level of hopefulness you possess. You have greater chances of convincing your friends why your business is such a valuable and profitable idea in contrast, as they likely share your passions. If you have several friends who are willing to invest, or perhaps one particularly wealthy friend who will take a chance on you, it could be the extra push your business needs to blossom into something greater.

  • Kickstarter

There are many online crowd-funding websites, but Kickstarter is the most well-known for its abilities to get the public excited enough about a project to donate towards its journey to success. By utilizing these crowd-funding websites, you can present your business plan and how it is unique to a large crowd of people, encouraging them to invest towards getting your business off the ground. This not only generates an audience that will then contribute to your long-term profits, but it’s a fast and effective way to gain funding without interest. However, these projects only offer money once the business has been started, making it difficult if you need money to begin with.

  • Fellow Entrepreneurs

Contacting fellow business-owners in fields that are complimentary to yours offers a nice balance between crowd-funding, bank loans, and friendly investment. If you are opening a café, for example, contacting a pastry business for investment can benefit both parties by creating a collaborative process – you buy their products and they invest into the success of your business. Additionally, as people who have gone through the same struggle you face, they may be more willing to give you a helping hand over a bank, all while maintaining the objective mindset your friends may lack.

Small Business Administration Loans

The Small Business Administration is an excellent choice, as it will offer you suggestions on which banks to contact for a loan or other methods available to you for procuring funding. This creates a peace of mind, as they will only recommend banks that have a reliable work ethic and history, with interest loans that will suit your particular venture.

Conclusion

There are many levels to creating a small business, all of which can be rewarding and frustrating. The most difficult of all is locating the funding to get off the ground and to ensure you don’t close down after a few years; but don’t let that discourage you, because it is possible. By discovering the proper people, places, and businesses to contact to secure a loan, you can equip yourself with all the funding needed to ensure your business not only begins, but thrives.