If you want to succeed as an entrepreneur, be good to your business and keep up with the new stuff. No matter what your industry is, there is always something new.
Keep up to date when it comes to your business.
You can do something good for your business by keeping up with new practices in your industry. No matter type of work you do, from Fortune 500 entrepreneur to Stay at Home Mom, from freelancer writer to traditional employee, things at your job change on a regular basis. In order to be successful at your job, you cannot stay stuck in the past but must work to keep up with industry changes. It is important because changes may mean increased productivity, increased profitability, and a better work product.
Nostalgia has its place. Things that are oldies but goodies, get that name for a reason. That reason is that they work, they are ways of getting the job done. It is good to have an appreciation for old tried and true methods of carrying on business. Additionally, there is something to be said for the idea of sticking with the one who brought you to the dance. However, none of that changes the fact that as industries change, technologies, cultural norms and expectations change, so should the way we do business.
Think about Western Union and the telegraph. Once upon a time, the quickest way to send a message from one place to another was by a Western Union telegraph. For many years, this was the tried and true method counted on by people across the country. Today, we have a generation of people who have never heard of the telegram and do not know that Western Union, which now is used to pay bills and transfer money, was once the major source of long-distance communication in this country. Now, instead of telegrams, we have telephones, emails, video chats, and social media sharing.
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Not too long ago, all stock trading took place via the New York Stock exchange. Today there are machines and computers that are so powerful they can do millions of trades in the time between you asking your broker to make a change to the time the broker says “hold on, I’ll take care of that for you.” Changes in the technology created have enabled day trading to become micro-trading. Day traders who did not move forward and do not understand micro-trading made it possible for other, larger players to make increased profits at the day trader’s expense.
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In the not too distant past, when a writer sat done to create her work she pulled out a fountain pen, a Smith Corona typewriter, or even an old word processing machine. Today, freelance writers use laptops, tablets, or even smartphones to create their masterpieces. Even stay-at-home moms have to keep up with changes in the industry. For example, once upon a time, a homemaker would have to scour the Sunday newspapers for coupons. Some even purchased two Sunday papers so they could double their number of coupons each week. Today there are coupon applications available on smartphones that make it easier for homemakers to find ways to save money.
Move into the modern era.
Take a look at your industry. Get a pen and paper or your favorite electronic device. Write down your industry. Then write down three ways that things have changed at your job over the past three years. Next, write down areas where change for the better is now possible but you are still doing things the “old” way. Then commit yourself to add new and improved methods to how you do your work. It is important to go from working harder, to working smarter. One way to do that is to add new and improved practices to your work methods.
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It is thrilling to know you can do something good for your business by keeping up with new practices in your industry. So, the question for you this thrilling day is how do you keep up with developments in your industry.