In this episode, we discuss how we need to start getting prepared for what’s about to happen in the future.
Full Transcript
Hi Everyone, welcome to the You’re Daily Cup of Joe Podcast, with your host Joe Bautista. In this podcast, my goal is to give you quick lessons that you can reflect on in your journal so you can grow yourself physically, mentally, emotionally, and spiritually and have a better career, better relationships, and better personal finances while you enjoy your morning cup of coffee.
I’m also the author of the book “More You Know, More You Grow: How to Get Better Every Day”. In this book, I wrote down over 30 tips to help you grow in those four cornerstones. I’m also the founder of Grow With Joe, where I combine self-development coaching and financial planning for Latino Professionals.
In today’s episode, we are going to talk about how the future is changing fast. We have to know more things and figure out how everything is connected. I heard on shark tank that now is the worst time to start a business, but it’s also the best time to start a business.
What makes now a good and bad time to start a business is that everyone has access to the same tools, but now we have more access to tools. Back 30 years ago, before the internet, you had to hire more workers to do the same amount of work I can do on my laptop.
Thanks to the cloud, I have access to marketing services, graphic design services, accounting services, and a bunch of other things that make running a business as a solo entrepreneur so much easier today. With my financial planning business, I’m so glad there is an association like the XY Planning Network to help me create my own registered investment advisory firm with the technology stack to help me in my business.
So to help with this new future, we have to learn how to make technology and services complementary to our skills, not a substitute. We can’t just focus on doing this one thing and be really great at it because there might be a day where that thing we are really good is obsolete. If you were really good at your blackberry, that skill is not necessary now.
With my smartphone now, I can do so many things to make myself more productive, but it can also be a source of great distraction with social media and sports for myself. So I need to know how these technologies are trying to distract me and how to use them as a tool instead of them using me.
Over the past year and a half, I realized that I needed to focus more on marketing. So I’ve spent money on taking courses and buying software to help me with my marketing needs. I see as a solo entrepreneur, I don’t need everyone, I just need to have the right people. Then once I max out on people that I can help out one on one, then I can develop an online course or paid newsletter to spread my services.
And if you have a paid newsletter and you charge $13/mo and you have a hundred people sign up for it, then you can be making $1300/mo. You then have to make sure that people sign up for your services by marketing your products and with the internet, it’s a lot easier now but requires different skills to have.
Being a generalist is going to be more important in this fast-changing future because things change so fast. A financial planner today has to provide more value than one 30 years ago because consumers are more educated and they have googled so they can easily look up an answer. The key thing is that a master of their craft that is a generalist will see how different organizations interact with each other and then figure out a way to make things better within the pipeline.
My business took a hit with covid-19 and I had to put a hold on my VA services, but hopefully, things pick up soon and I can hire someone again. And I’m going to teach them how to do a bunch of different things and see the bigger picture. When I have a kid, I’ll do the same thing.
Even if you look at basketball, it’s changed so much since the 80s. Now you have seven-footers who can dribble, shoot the three, play amazing defense, and hit free throws. There was no one like Anthony Davis or Giannis Antetokounmpo back in the day. Or Seth Curry and Damian Lillard with their deep threes.
So keep learning, take some chances, create a safety net, and have a solid network if you want to keep up with the future.
And that’s it for today’s episode, to summarize it, the future is changing fast. Even without covid-19, the world is so much different today than it was five years ago. And five years ago is not that long. You could go to college, and by the time you graduate, your skills could be outdated. So be flexible with this future and realize what got you to today, won’t get you where you need to go in the future. So if you want a bright future, be a generalist and a workhorse. But of these traits should help you out int he future.
If you would like to get the journal questions for today’s episode, you can sign-up for my monthly journaling subscription newsletter, where you get daily journal questions Monday through Friday, and as a bonus, you will also get my time management course and my personal development cheat sheet. You can get all this for $13/mo, which is less than the cost of an audible subscription and it’s less work to gain more wisdom. You can get this offer at growwithjoe.me/journal
Thanks for listening today! To get a free copy of my Audiobook “More You Know, More You Grow: How to get better every day” just go to my website growwithjoe.me/book and you can download it right there.
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Thanks for joining me today and remember if you go with Joe, you can grow with Joe, cause Joe knows Dough.
*Music outro
