When Teri Holland invited me for the second time to her podcast, Success In Mind, my immediate response was yes even before I heard the topic. Luckily, the topic was something I thought about a lot -- What I think will happen in the small business sector in 2025.
I think that 2025 is going to be the year of endless possibilities and opportunities.
That's how I started. And I explained it by saying that It will happen because if you’ll take the raising capabilities of AI and connect it with the state of the economy, both local and world wide, you’ll easily see how things are going to change, but in a very good way for many entrepreneurs and business owners.
And then I said that If you are using too much AI in your business, you are taking a huge risk of loosing it. That, started a whole off-topic conversation about AI, and quickly became THE topic of this episode, as I looked at it from 5 different perspectives: What it is going to do for employees, business owners, C level managers in medium and large organizations, teenagers, and their parents.
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So this is how 2025 will look like for these segments:
Employees:
They will work faster and will have more time to do other things - both personal and work-related.
They will have a competitive advantage over those without any AI skill in their toolbox.
They will be able to open side businesses that can stay as such or become your main source of income in a matter of days.
Small business owners:
Will discover and implement many more marketing avenues.
Will see how easy it is to grow their businesses.
Will launch apps, websites, and easily create new content (which is something that everyone hates).
Business growth strategies, even complex ones, will be easy to implement.
C-Level managers
Will start to put more emphasis on entrepreneurship with their organization because:
To keep their employees satisfied.
To keep the organizational chart in place - AI makes skill differences less substantial.
To gain a competitive edge in the organizational level.
Entrepreneurship will become younger
More and more young people, even teenagers, become financially independent, and even wealthy, because they see that anything is possible.
They see that you don’t have to work from 9-5 to make a living. If they have an idea, they just do it.
They understand that the approach today is that it is better to have 10 different business directions running in the same time, while understanding that some can fail, and it is okay.
For parents:
I always say that careers already look like climbing walls. Ladders are no longer relevant. Those with the right mindsets and skills will identify the best routes to get to where they want. Others will keep on looking for ladders.
Today's teenagers need entrepreneurial skills to thrive. They need to implement entrepreneurial skills in their lives, even if they are not going to be entrepreneurs.
Nobody knows how the future will look like, all we know is that it is not going to look like ours.
Because of the rapid change in technology, parents can’t teach their kids how to navigate it, but they can (and need) to give them the best skills to navigate it by themselves. And these are, entrepreneurial skills.
Useful links:
To listen on Spotify, click here.
To listen on Apple, click here.
To visit Teri's website, click here.