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The LinkedIn #BigIdeas2019 series looks at trends and predictions for 2019. We all wish we had a crystal ball… and I do my best in the video below. I offer my insight into what could be around the corner for business. I see some major shifts where competitors become strategic partners, where collaboration is pervasive, pressure will continue on the big five: Apple, Microsoft, Google, Amazon and Facebook to curtail their market dominance practices.

Read my recent opinion piece on this topic: Last brands standing.

There is no single avenue of how people will join together commercially. It might be through buying groups, marketplaces, associations, movements such as ‘buy local’… there will also be M&A activity that serves this purpose of joining forces.

The difference now is mindset. What I mean is that business owners used to think the shop next door was competition. But now there is safety in numbers – a broader offering serves the customer need.

As such, marketplaces will continue to be on the rise, and AI will be essential to help serve customers when and where they want to be served. And as blockchain matures it could provide a powerful basis of trust. It will be a scary but exciting ride, and I’m looking forward to it.


Also published on Medium.

Grow & Scale Your Business by Naomi Simson

Tell Naomi a little bit about your business by completing the questions below. (It will take less than 60 seconds)

Answering your #1 Biggest Business Challenge question tip: 

Go beyond just saying "Poor Cashflow" or "Unreliable Team". 

Instead, give Naomi details & specifics on how this is currently your #1 Biggest Business Challenge. 

I.e. "Every month I'm struggling to pay my bills on time because there just isn't consistent cash flow coming into the business. I've tried sticking to budgets in the past & pay myself less to keep some extra funds aside for emergencies, but still every month there seems to be another financial fire to be put out. I don't know what to do about it, so I'm just grinding it out."

 

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