Kim Kiyosaki teaching at the Rich Dad office

3 Business Trends in 2018

With trends come opportunities—see what they could mean for your career goals this year

It’s hard to believe that we’re coming up on the halfway mark of 2018. Is it shaping up the way you expected? Are there still goals you wish to accomplish? If you’re a business owner, investor or plan on getting involved in these areas at some point, it’s always wise to pay attention to business trends. After all, you never know where your next brilliant idea could come from. Also, several industries are shifting at a rapid pace, thanks to technology and customer feedback. If you tune out, you’ll be behind the eight ball when you’re ready to re-engage.

I read an article from Forbes earlier this year that that polled members of Young Entrepreneur Council, asking each to each share one trend they believe will influence their work this year. While this article was filled with many fabulous insights, I’d like to highlight three that could positively impact your ability to gain financial independence in the very near future. They are:

  1. Greater Reliance On A Freelance Workforce. John Rampton of Calendar said that as he grows, he expects his workforce to shift to a freelance model rather than having any traditional employees. “This is a good thing, as it allows me to scale up and down with different businesses I am working on, and implement projects on an on-demand basis.”

    • What this means for you: If you run your own business, this is a model worth exploring. The flexibility it affords you to quickly ramp up or down as the market dictates could be the difference between success and failure. If you are looking to become self-employed and leave behind your corporate job, you should be seeing many more opportunities of this nature available to you. That’s a relief for freelance writers, designers, marketers, web developers, and countless other skilled workers who enjoy their craft but no longer wish to clock into a traditional job each day. Plus, freelancing frees you up to pursue side businesses, like investing, more easily because you have control over your own schedule. Imagine what you could get done if you weren’t locked into a 9-5 situation helping to build someone else’s dream!
  2. A Boom In Co-working. Artem Mashkov of DEVTRIBE INC said that co-working will become the norm for a lot of corporations. If you aren’t familiar with the concept, check out this article on Entrepreneur.

    • What this means for you: If you own a startup, this is a great way to save money. But co-working isn’t just about saving money and pooling resources—it’s also an invaluable networking tool. You get to mingle with other like-minded people, potentially landing new clients or collaboration opportunities. Plus, being surrounded by what very well could be your competition could fuel your creative juices and bring forth innovative ideas. Sometimes, we need a little push to think bigger, and co-working spaces can provide that nudge.
  3. Alternative Learning Credentials. Jared Atchison of WPForms wrote: “We’re going to start seeing a spike in employers that begin accepting alternative learning credentials. Right now, many employers will list a bachelor’s degree as a minimum requirement, but I think a wave of employers will start accepting Coursera, Khan Academy, Udacity and other online courses in lieu of traditional education.”

    • What this means for you: In case you aren’t already familiar with how Robert and I feel about higher education, here’s a quick summary. Robert’s poor dad always told him the best path to success was to go to school. His rich dad, on the other hand, didn’t have a college degree, yet he was very rich and successful. Rich dad said, “School teaches you to be an employee. If you want to be rich, don’t count on school.” So if you are chasing after a dream, but don’t have a corresponding formal education, don’t let it hamper your forward momentum. There are many online courses you can take to brush up on the industry you’d like to enter and certifications you can pursue. In fact, Rich Dad Education offers the tools and skills you need to achieve your financial dreams with courses for everyone from beginners right up to the seasoned investor or entrepreneur. If you’re looking to make a move, it’s a great place to start.

So what will you accomplish in the six months left until 2019? Put a plan in place and take on action, even if it’s small, that will push you forward. That momentum could be enough to light the fire needed to make a bold move this year.

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