It’s already clear that 2020 is going to be a year of innovation, opportunities and intense competition for businesses. As new technologies disrupt the workplace in many different sectors, the rules are changing and the knowledge that is necessary to make a dream come true is increasing. Artificial intelligence and increased pressure for customer satisfaction due to online feedback are just two key factors businesses will need to understand going forward.
Trends That Will Make You Or Break You In 2020
Some of the main trends your business should watch out for in 2020 include the growing role of artificial intelligence, the key importance of Big Data and Customer Relationship Management (CRM) tools and growing competition with customers shopping ever increasing options. Comparing prices in markets that formerly weren't available to them and the rising trend of freelance and remote workers are changing the way human resource management functions in the modern era. It is important that successful businesses learn how to decentralize, delegate and automate in 2020 if they want to not only survive but thrive.
Decentralizing in this context means ensuring that a business is not just built around one person but has a series of mechanisms for sharing responsibility and oversight; delegation means delegating jobs and duties to the right employees or third-party partners; automation means looking at how AI and automation programs can speed up, improve and streamline what your business offers, helping you crush the competition and achieve more free time and life satisfaction.
AI
AI is essentially automated computer programs and machine learning algorithms that make business easier and faster. AI is already here and it’s a game changer, driving organizational change across the board. Fully 47 percent of companies have integrated some aspect of AI and more will do so in the immediate future. Rather than replace human jobs, however, AI can act as a bonus that makes people’s jobs efficient, less monotonous, and more streamlined, if it is approached and used in the right way.
Big Data And CRM
Big Data, or the compilation of user information and data from a range of online and consumer decisions, can be instrumental in crafting top-notch Customer Relationship Management (CRM) policy for your organization. By understanding and working with Big Data tools you can massively enhance your CRM and bring your company from the street level to the stratosphere.
Heightened Competition
Business competition is intensifying in various ways—especially driven by AI and technological disruption—but that does not have to be a bad thing. In fact, there are many ways in which competition can help your business and hone it into a fine-tuned machine that eats success for breakfast. We will show you how.
Remote Employment
Remote work—or work done from outside the physical location of a company—is a massive and growing trend that will continue to expand in 2020. Websites like Upwork, Freelancer and others are third-party platforms that offer jobs to skilled individuals. They can also be a great talent pool for companies looking to hire someone but not looking to sign themselves up with an employee for a long-term contract, benefits and office space, among other expense considerations.. BMI will make sure that you understand the rise of remote work and can ensure compatability with your organization.
How BMI Will Help You Master 2020
BMI provides insight into the many challenges coming at businesses in 2020 and positions businesses to best meet these head on. We start with the question of “why” and work from there. Answering the question "why" in terms of why you run a business, why you run that business, and why it is so important to you. Asking and answering these questions helps us work out a framework for propelling you into greater success through our specialized Toyota Way-inspired system and unique focus on the holistic well-being of business owners.
BMI is experienced at working with clients to make sure that their financial prosperity is synergistic with aspirations touching all aspects of their lives: it’s a condition we call Wellth. If you’re wondering what it means, Wellth means your bank account isn’t the only thing that is looking up, your whole life—from physical to emotional and spiritual to social health—is also looking up. If it sounds ambitious that’s because it is: it is also the only way to do business in the 21st Century and not burn yourself out in a year or two.
At BMI we have honed our approach so that it is effective across a broad range of business sizes, types and structures. From large to small we have you covered. We take common problems like disunity among the workforce, wasteful practices and off-base approaches and we fix them. We are a business solutions provider who always keeps the end goal in mind: Wellth. Your business success and personal success should go hand-in-hand and form a vortex of success: the better other aspects of your life are doing, the more it uplifts every other part.
Think of us like a chiropractor for your business: we align the spine (objective) of your business with your decisions and actions to ensure it is a well-functioning whole. As part of this process, we diagnose the problems or deficiencies that are occurring such as poor business posture, bad habits and so on and recommend treatment whether it’s small fixes or larger structural reconstitution. W#e provide support as the process towards greater Wellth unfolds and finally, we apply an easygoing but firm amount of accountability and prevent a relapse back into bad habits and misalignment.
BMI members have full access to all of our tools and services, with a range of membership pricing options. They are also free to leave at any time if they are unsatisfied—although that is highly unlikely. Membership packages are offered month-to-month or at a much greater discount for annual membership. In addition to accessing the turbo-charged strategies and systems of BMI, members will also get the opportunity to network with the wider community of members who have been through our process and excelled—and also understand the trends and challenges facing businesses in the modern era. Networking with other businesses is an invaluable way of rising above the fray, having enlightening discussions, making new friends and even potentially forming new business relationships.
BMI offers General Management service to help your business run at the best level possible. We help you focus on optimizing your business in human resources, day-to-day operations and administration, implementing technology development, honing an effective and powerful marketing strategy and discussions and collaboration to optimize your Wellth.
At the end of the day, your business is about more than just dollars and cents: it’s part of your life. At BMI we understand that fully and we work within that framework to make sure it is a part of your life that is thriving, adapting and creating well-being for your whole organization. We sincerely welcome any interested parties to contact us by one of our various methods of communication including email to find out more about what we can do for your business and overall well-being. Perpetual refinement is a life and business mantra but it’s also a philosophy of well-being. As you face 2020 and the emerging trends that will be impacting all business, BMI is ready to help. Our expertise and solutions-oriented services will ensure your business is in great shape to face the trends and thrive.