And, just like that, after the confetti had fallen in Times Square for the traditional New Year’s celebration, the world had entered a new decade. If you’re a net worth-minded person, you’re probably thinking of what 2020 will be like in terms of business trends and opportunities. Steve Sorensen Networth
After some analysis on our end, hereunder are three of the biggest shifts you’ll see happening in the next 11 months.
The gig economy will continue to grow
In 2019, we’ve seen startups suffer a blow when WeWork failed to launch its IPO and raised an S.O.S flag to Softbank. Despite the freeze the overvaluation and the catastrophic fall WeWork has wrought, we will still see businesses using this model prosper as more and more workers and employers seek flexibility in work hours and hiring. Steve Sorensen Networth
Change and impact will become key areas for companies
Climate change, #MeToo, and social movements in Chile and Hong Kong became hot topics for conversation over the internet and the world. Given how passionate the younger generations are about environmental impact, gender equality, and freedom, consumer preference will swing to companies and brands, which show that they care about these issues. Steve Sorensen Networth
Personalized connections with customers will become factors for success this year
Small is beautiful will apply to customer service and marketing. Consumers will less likely be swayed by big-budget ad spends and more on customer reviews. Your customers will also continue patronizing your business if you provide a more human touch to serving their needs. This means you should use AI and chatbots less if you want to keep engaging your slice of the market. Steve Sorensen Networth
Just follow these tips and your business can gain the headwind it needs to sail smoothly into the new decade.