As we are around the halfway point of 2021, it is worthwhile to take a look at some of the most important business trends that are occurring this year. Whether you are introducing a new product or service to the market or are simply trying to accelerate your business’s growth, understanding these trends can help you reach your business goals. In this episode of Connection Loop, Dubb founder Ruben Dua sat down with Joel Block to discuss some of the trends. Some of the insights and thoughts that you’ll hear in this episode include the following:
Work from home has become one of the largest business trends of 2021. This makes intuitive sense, as Covid-19 forced us to quarantine and try to complete as much business as possible from home. Work from home has changed so much for so many people. Even though we are coming out of our homes and embracing “normalcy,” work from home is a trend that isn’t going away anytime soon.
Micromanagers are going to find it extremely difficult to operate—both currently and in the future. If you are a micromanager, for instance, you can’t expect your team to come into the office and adhere to a strict in-person attendance schedule. If you stick with it, you’ll find that your employees will want to find another job. If you are in a management position, you need to seriously think about your workplace procedures and whether they are adopting this new work from home paradigm.
We have also seen that talented individuals will be moving away from cities and to more rural areas. This is because, through the power of the Internet, these individuals will be able to get work done wherever they are. Why live in a cramped apartment when they can get much more space much more affordably? It opens the door to recruiting happening in all sorts of places. It can open up plenty of opportunities to find talented individuals all around the world.
Another key trend is what Joel calls the “uberization of resources.” Essentially, this means that we don’t fully consume something if we don’t need it. One great example of this is a shared CFO. Instead of having a fully dedicated CFO for your organization, he or she works for several different organizations. You still get the benefits of a CFO while saving costs. This “uberization of resources” isn’t going away anytime soon.
One thing that entrepreneurs need to recognize is that new trends can come up against government regulation. This is especially true in new trends related to equity financing. While it is helpful to be fast and aggressive when you are building a business, make sure that you are complying with all applicable laws and regulations. It is a balance, but a balance that you’ll need to strike when leveraging these trends.
This is a great episode if you are looking to use today’s trends to grow and scale your business. No matter the product or service that you are selling, you can definitely use Joel’s thoughts and insights in your business right now. These insights are that relevant. Enjoy the episode and best of luck!
Joel Block is a motivational keynote speaker at Bullseye Capital. At Bullseye Capital, Joel addresses business organizations and shares his insights and expertise from 30 years in the venture capital and hedge fund businesses. Joel also authored a book called Stop Husting Gigs and Start Building a Business. He has plenty of experience in finance and looking toward current and future trends.
Want to learn more from Joel about the most important business trends of 2021?
Connection Loop is a podcast hosted by Dubb Founder, Ruben Dua. The show focuses on the stories of leaders, innovators, and friends — all in a conversational format. This show is brought to you by dubb.com.