Technology is advancing at a rapid pace; as soon as you buy a smart phone, or tablet, within a month a new and better product is introduced. All these “tech toys” are making an impact on your business. We no longer conduct our business the same way we did 10 or 15 years ago. Are we, as a Nation and as small businesses staying up with the required knowledge? I had lunch with an owner of a manufacturing company; almost all the goods his company produces are manufactured in China. My question was” what happened to Made in America”?
He answered as follows: the Chinese workers are more reliable, their manufacturing technology is much more advanced that ours is and the final part, users don’t really care where their products come from as long as they are reliable.
One of my favorite magazines is Scientific American; in this months issue they featured an article on brain-wave control of machines which will allow the paralyzed to walk and portends a future of mind melds and thought downloads. This is not only a dream, actual experiments in this area are underway here and in Japan. A whole new world of business opportunities will be available for those that realize that change is the only constant in their personal and business lives.
Treat yourself to the February issue of Scientific American and dare yourself to think 10 to 20 years in the future. We need to re-capture the spirit of innovation; short term thinking without long term planning will not ensure the success of your business.
The pessimist complains about the wind; the optimist expects if to change; the realist adjusts the sails.