bwagy, the blog of Ben Young

No.  As I’ve said before you’re always wrong.  You just want to be less wrong than your competition.  I may just be slightly more right than you… at least for now.

Realigning your business at the moment for the next five years, there needs to focus around getting talent.

Get the best, the up and coming, those that outperform others.  (The best are also much cheaper now than they were 24 months ago.)

Remember at the end of the day it is people that run your business and if you don’t have the best people when it comes time to ramp up – you’ll miss out (to those that do).

Whilst countries have been negotiating and battling it out for Free Trade Agreements (FTAs) the internet has been sneaking up on us.

It has quietly provided a restriction free global platform (few exceptions in places like China) of knowledge.  Free Trade Agreements aside at a local level it is going to have an impact.  Someone in India can offer the same service as you cheaper, faster and much more effectively.

Knowledge can flow freely around the world… ie

Local charities now compete with the likes of Kiva for funding.

Admin now has to compete with Virtual Assistants.

Local book store competes with Amazon.

It may not be true for your industry (yet) so look ahead, embrace the change and prepare for it.