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If Ideas are the Measure of your Value to the World How Much are you Worth?

In previous posts I’ve alluded to the proliferation of the peer to peer economy.

The peer to peer economy has become an increasingly popular model for businesses to implement.

This new era has been enabled by the growth of the internet vanquishing borders and shrinking distances over which business can be conducted

The era has grown and is now recognized more wholly as the Idea’s Economy

It’s no secret that technology has implemented this new reality as a prerequisite.

Why?

You only need to look at the ridiculousness of the hoverboard trend transferred from celebrities to teens.

“We’re now living in an Idea Economy where success is defined by the ability to turn ideas into value faster than your competition.” — Meg Whitman, Chief Executive Officer, Hewlett Packard Enterprise

Everything from the latest fashion to mobile phones, anything you can think of, is increasingly instantaneous and technologically focussed

The successes of this new era are determined by how quickly you can adapt to take advantage of new opportunities or deal with competitive threats.

The ability to pivot from one thing to the next is key

Linkedin, for example, provides a window to a world of professionals we would never have been able to connect with to enable the fostering of success

It provides a ladder to a party most never knew existed. I’ve personally been able to meet people, explore opportunities and have conversations that I’m certain would not have happened in 100 years of operating in a pre-technology world.

Pursuing Success

Establish Partnerships

This is an element often overlooked, that by establishing a loyal network of customers we are able to harness them as growth beacons providing opportunities for referrals and organic growth.

It also insulates you during periods of time featuring difficult market conditions, if your partners are experiencing a period of prosperity you are able to share in that success.

Create trust between all parties through openness and honesty

Always be prepared for action

If your customer, partners or employees see a rapid response or reaction they are often more forgiving and understanding than if the issue is left to play out.

Fight the urge to stand still even through period of success, it simply acts to allow your competitors to catch up, there is no finish line for continued excellence and innovation. Open yourself to the prospect of delegation understanding the strength of your team. and utilise it.

Ensure Innovation is a Core Principal

Invite contributions from everyone in the organization but most importantly listen and consider what you are being told.

It’s obviously now more critical than ever to invest in new thinking and technologies as a means for innovation but to do that without first embracing innovation fully would be naive.

The prospect of change is of course intimidating. But like any endeavor in life fortune favors the brave, be bold and embrace it before it is forced upon you leaving you frozen and unable to react.

Relish the opportunity that a new world affords as any prospects that are extinguished often present themselves in new more exciting ways.

Celebrate change and new beginnings.

Keep Thinking.

Written by

CEO / Founder / Coach @FirstbaseHQ Empowering people to work in their lives not live at work ✌️✌

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