From a 360 degree business perspective (universally applicable to all sizes and types of businesses) the most exciting trend unfolding is “skill accessibility.” With the emergence of online learning communities, what we can do and create (and the speed at which we can learn) is moving at an accelerated rate.
Billionaire Mark Cuban eluded to the underlying problem last year when he shared insights on the coming meltdown in college education. Traditional education, as we know it, is seriously broken. The changing tide of learning will be led by entrepreneurs and it’s already here.
“Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn
When you talk “startups” the conversation always eludes to a personal skill gap; a realization of what we do not necessarily know. While it doesn’t present a huge barrier to some, for others it makes the prospects of starting up less feasible.
Thankfully, access to knowledge is a fundamental startup obstacle that continues to be lowered by innovative entrepreneurs (and institutions). High quality learning, outside of a traditional university setting, is eliminating the barriers of creation (e.g. Skillshare, Coursera, Khan Academy, Harvard Online Learning, etc.). A free, world-class education for anyone, anywhere is upon us and it changes everything.
The Cost Of Doing Business (Not So Costly)
In general, the cost of doing business is lower than it has ever been. Bottom line, low operational costs and a pro-business environment make growing a business and profitability a realistic endeavor. Outside of macro trends the onset of cloud computing, crowdfunding and shared access are a few of the key drivers.
As we continue to lower the marginal costs (tangible and intangible) of doing business, we give back to our startup community in a big way, spurring cyclical growth. Entrepreneurs will have unprecedented access to knowledge and resources. This is a vital starting point to any business.
Entrepreneurship Is Not A Luxury, It’s A Lifestyle
When you couple these trends with more of the Internet of Things (IoT), mobile “everything”, domestic economic recovery, slowdowns in other regions and the reality of economic uncertainty (pretty much everywhere) you’ll fully grasp why starting a business is no longer a luxury; it’s a lifestyle.
The makers, movers and shakers are driving sustainable growth independently and in the lives of others. I can think of 20 reasons why entrepreneurship is awesome. And while the reasons why people become entrepreneurs vary the underlying theme is lifestyle.
At YFS Magazine, we’re on a full-tilt mission to make entrepreneurship accessible so it’s an exciting time to bring ideas to life. Helping founders build epic companies is a collective effort.
The startup ecosystem is an organic growth machine. To paraphrase the ancient Greek philosopher Plato, necessity is the mother of invention and there’s never been a better time, or greater need, to make an impact.
We live in a brave new world where we can see an opportunity and actually make the most of it. It’s an exciting time to be an entrepreneur.
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