Financial Literacy and Money – Page 45

The Importance of Eco Friendly Technologies in Business

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. There are a number of technologies that are on the horizon in the business sector. It’s important to consider how these technologies impact the environment. The following contributed is entitled, The Importance of Eco Friendly Technologies in Business.

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How we are impacting the earth’s resources has become a prominent issue within the last few years. So finding eco friendly alternatives for many companies is becoming a necessity in 2021 in order to save our planet from ruin, within the not too distant future.

When surveyed by the IBM and National Retail Federation in 2020, almost 70% of Americans stated that it is important to know whether the company they are purchasing goods from is following eco friendly practices. This demonstrates the importance of companies adhering to eco friendly ways to tempt the customer into buying their product and remaining a loyalty consumer.

How the US is Progressing in This Area

Many American companies are finding ways to keep up to date with the latest renewable energies. Iowa is a leading example of how one state can be at the forefront of US companies that are adopting renewable technology to run the majority of its businesses.

The US certainly is making progress in this area with Forbes citing the top 100 most energy efficient companies in the world in 2020, with the US and Canada featuring three times in the top 10, out of worldwide companies.

1 Orsted A/S Denmark
2 Chr. Hansen Holding A/S Denmark
3 Neste Oyj Finland
4 Cisco Systems Inc United States
5 Autodesk Inc United States
6 Novozymes A/S Denmark
7 ING Groep NV Netherlands
8 Enel SpA Italy
9 Banco do Brasil SA Brazil
10 Algonquin Power & Utilities Corp Canada

If You Run a Business Instead

If you run your own business instead then you will want to ensure that your business is meeting current energy standards. Companies such as GFF Power are able to provide any necessary support and further information on how to optimise energy performance. So it is certainly worth knowing how they can assist if you are unsure.

Social Media Driving Forward This Change

Social media is having a significant impact with regards to whether companies adopt more eco friendly ways in their business. It has become much easier for customers to express their opinions online about the company’s ethos and any complaints they have with their progress and products they provide.

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How Companies Can Be Eco Friendly

Things to look out for when buying from an eco friendly company could be the following.

➢ Adopting a recycling plan in the workplace.
➢ Utilizing very little or no paper at all.
➢ Using biodegradable cleaning products.
➢ Installing technology to keep track of energy use.
➢ The use of electric or hybrid cars for company vehicles.
➢ Not leaving lights on unnecessarily in the office.
➢ Using sustainable suppliers when purchasing goods.
➢ Utilizing water, wind and solar power where possible.

Overall, in order to keep up to date with consumer expectations towards eco friendly practices, it would be prudent for companies to not ignore these requests otherwise they risk alienating their target audience.

Things to Consider When Buying an RV

Two focuses of my blog are Financial Literacy/Money and Technology. An RV can be a strong investment if you’re wise in purchasing it. The following contributed post is entitled, Things to Consider When Buying an RV.

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Are you ready to buy your first home on wheels?

Buying an RV is a perfect way to experience travel without having to book a hotel. RVs are more popular than ever with the Coronavirus pandemic in full swing. People are needing to escape but wanted to have the option of interacting with other people during their travels.

No doubt you are excited about making the purchase, but before you go ahead you need to know exactly what you should be looking out for to make the best purchase possible. Here is a look at what you need to bear in mind before purchasing an RV.

Visit a Lot of Dealerships

Going to several dealerships is one of the easiest ways to see exactly what is available to you. During these visits, you should review information about brands and make yourself more acquainted with exactly what you want in an RV.

Visiting many dealerships and looking at several models will also make you more aware of the layout and style of the various brands of RVs.

Create a Must-have List

After you’ve been to several dealerships you will know exactly what you want from an RV. Write down all the things that are essential to you.

Once you’ve created that list you can then decide which features you are willing to negotiate or compromise on.

In doing all of this you should have your budget in mind. You can admire all the RVs that you want, but if you don’t have enough funds to make the purchase then you will only end up being disappointed. Keep a close eye on your budget when making a list of your must-haves.

Consider Buying Your RV Used

It may have never crossed your mind that you should buy your vehicle used, but buying a used RV that is in good condition with all the features you want may be just within your budget.

Make sure that the engine is in proper condition and that things like valves, the oil pan, duramax head studs, spark plugs, and the crankshaft to name a few are in good working order.

The amenities should also be livable. Do a careful examination of the bathroom, kitchen, and sleeping areas before making your final decision.

If you check Craigslist regularly you will find people selling their RVs. You have to move fast though because if the RV is of good value it will be snapped up quickly.

You can also go on the Facebook marketplace to see what is available daily. Don’t rule out looking at an RV because it’s a few miles away. Remember, you have to look at all your options to make the right choice.

Hit the Road

Now that you know what to look for in a great RV, you are ready to make your final purchase and hit the road. When buying an RV make sure that you check out all the features you need while keeping within budget.

Finally, do not rule out buying the RV used, you may get a better deal than you thought possible.

A Complete Guide To Preparing For Your Retirement The Right Way

Two focuses of my blog are Financial Literacy/Money and Health/Wellness. Many people aren’t planning for their retirement, but if you are one of the wise ones who are, there are some important considerations. The following contributed post is entitled, A Complete Guide To Preparing For Your Retirement The Right Way.

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Are you thinking about preparing for your retirement? You should be and this is true regardless of how old you are. Indeed, financial experts agree that you start thinking about your retirement as early as possible. Remember, this isn’t just about protecting your interests. It’s about ensuring that you can do your best for the people that you leave behind. We’ll explore this concept a little more further down the article.

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It’s important to realize that there are different factors to keep in mind when you are preparing for your retirement. This does go beyond your financial situation and includes things like your health too. So, let’s get started.

Building Up Your Investments

The first step you need to think about is investment decisions. To invest, you need to learn how to save money effectively. You should be aiming to save about fifty percent of what you have leftover each month. This doesn’t need to be a massive amount when you’re younger, but as you get older you should be building up these amounts as much as you can. If you are struggling to save enough each month, then it’s important to think about how you can be more frugal. You should work to save in little ways such as on your energy bills each month.

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When you start building up a solid amount in savings, you can then start looking at investing. A lot of people assume that you need a massive fortune to invest your money, but this isn’t the case. There are investment options for people with low amounts of disposable income. For instance, you can think about checking out penny stocks. As the name suggests, penny stocks are quite cheap and there’s always the potential that they blow up massively even over a short period.

In terms of larger investment choices, you need to think about buying property. You should try and get on the property ladder as quickly as possible. By doing this, you can make sure that you are building up the value in your home, little by little, each year. You’ll then be able to make a profit whenever it’s time to sell. Some people choose to purchase multiple properties. This is an option worth exploring as long as you are prepared for the responsibilities of being a landlord. It’s definitely not an option that you can explore with a hands-off approach unless you are ready to pay for various services.

One of the key benefits of owning property is that you will have something substantial to pass down to your heirs. What is a heir? An heir is someone that will inherit the property that you pass down. This is something that will come into play when you start thinking about your will. That brings us to our next point.

Insurance Options

You should definitely think about insurance choices when you are planning your retirement. The most important insurance option is going to be life insurance. With life insurance, you can make sure that your dependents are covered when you pass away. This includes any loved ones or children too. When you are choosing insurance options like this, then you need to compare a few different options on the market. It’s important that you do get the right deal and you should also look at the fine print. The last thing that you want is for your insurance company not to pay out to your dependents due to a technicality that you weren’t aware of. For instance, a lot of insurance companies will not provide coverage for your death if it is caused by particular diseases.

There are other insurance options that you can consider too. For instance, you might want to think about investing in disability insurance. With disability insurance, you will receive a payout if you develop a disability that means that you are unable to work or potentially earn your previous income. Again, you need to make sure that you are looking at the technicalities here.

You might think that the chances of you developing a disability are low. However, this isn’t quite the case. The grim reality is that it’s incredibly common these days for people to develop a disability before the age of 65. Common issues such as RSI can also impact your ability to work and earn an income.

Focus On Your Health

Finally, you should make sure that you are getting your health in check before you retire. You don’t want to spend your retirement in a hospital bed. If you’re not careful that’s exactly what can happen. The unfortunate truth is that as you get older, it becomes more difficult for your body to heal and it takes significantly longer. If you ensure that you exercise well and eat the right foods you can ensure that your body is strong enough to avoid issues like this.

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For instance, you need to make sure that you are consuming a diet that is packed full of antioxidants. These are found in a wide range of different foods such as leafy greens. You can find some great guides online about what foods you should be focusing on here to ensure that you get the best results.

As for exercise, you need to focus on low impact exercise routines. These are the ones that are most likely to provide the benefits to your body that you need and help you avoid issues with potential injuries.

We hope this helps you understand the best ways to prepare for your retirement. In doing so, you can make sure that you do get the best quality of life in what should be some of the greatest years of your life. You will also be able to make sure that you are thinking about the people who you will one day leave behind. Remember, it’s never too late to start thinking about your retirement. Starting down this path early will always mean that you are better prepared for some of the challenges that lie just over the horizon.

2021 Is A Time For Change In How You Communicate With Your Customers

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. After the events of 2020, changes in the traditional ways of doing lots of things have changed but sector that may have been most effective is the business world. The following contributed post is entitled, 2021 Is A Time For Change In How You Communicate With Your Customers.

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Following the corona crisis, many businesses are learning how to re-communicate with their customers and adapt to the needs of the newly created market. The new reality dictates a new order in which every business that wants to survive / succeed must recalculate its path.

In 2020, a reality was created in which small and large businesses begin to examine trends in their industry and create new business opportunities: from upgrading the existing site to best meet customer needs to taking ecological and social responsibility. Good communication adapted to these times, will create an increase in customer involvement in your business and will contribute to an increase in sales. Following this, we have compiled for you a list of business trends for the year 2021, which must be taken into account, when you come to communicate with your customers:

Beyond marketing on on-line trading sites
Increasing mobile marketing
Create an app for your business
Customize customer service
Increase in the percentage of remote work
Creating an online community
Promoting data transparency
Cultivating social responsibility and preserving the environment

Due to declining purchases in physical stores, many businesses have opened an online branch to market their products. They may present virtual events to people also. You should look at Hybrid events.

More efficient business management: The digital options allow, among other things, managing orders and payments, using data-based insights, tracking performance, targeting, issuing online invoices and more, all at the click of a button, which saves time, money and resources and streamlines the business.

Mobile marketing is one of the emerging trends in recent years: Following the rise in the use of smartphones and tablets and an estimated five billion people carrying mobile devices – the most direct and focused channel for your audience is through their phone. The following are some ideas on how to market to your customers via mobile:

Creating a winning mobile site that caters to users who surf through their device most of the day.
Segment your customers and create Google ads that offer relevant products that reflect your shopping preferences
Send a text message, updating on the latest promotion
Using Google’s geographical location, and sending messages to potential customers in your business area

Customizing customer service

In a message-saturated reality, customers prefer personal attention and expect more businesses to follow their consumption habits and tailor dedicated sales offers to them. Subsequently, in recent years (and now even more so), a customized customer service has developed, based on knowing your customer and tailoring the referral and messages to him according to his buying habits. How do you do that? Well, to market properly one needs to study, research and collect data. Once this is known, you can move forwards effectively. One way to learn about your customers is through the use of digital research tools, which will tell you about their behavior, in the context of your business. 2021 is a year of growth, and to make changes for the better. Don’t see these changes as negative, because truthfully, you are beginning an incredible journey.

Could Two Become One With Co-Sourcing?

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. One strategy many businesses are looking to implement now is “Co-Sourcing”. The following contributed post is entitled, Could Two Become One With Co-Sourcing.

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Pre-pandemic, an average 68% of businesses outsourced services, namely IT, but also everything from security through to accounting. After all, taking the pressure off in-house teams has long been hailed as the ‘wise’ option, allowing you to free up people power, lower costs, and enjoy the expertise that a dedicated third-party team has to offer.

Unfortunately, this past year has seen us looking at outsourcing differently. After all, companies have had enough of a struggle trying to stay afloat themselves, without also having to worry about outsourced companies (especially those overseas) who are ill-equipped to adjust to the new WFH norm.

While outsourcing has most definitely survived these recent months, then, many companies are understandably shaken. Enter co-sourcing, a new workplace trend that does exactly what it says on the tin. By bringing some processes back in-house and working more closely with third-party vendors, companies are managing to get services back on track in a way that suits, with benefits including –

Putting power back in your hands

When outsourcing started to struggle, countless companies realised that they had entirely handed over control of key business aspects such as cybersecurity or IT management. This left them very much in the lurch, and that’s an obvious problem.

Such a problem, in fact, that companies are scrambling to take back a level of control that they likely haven’t had since the early 2000s. Only then can they ensure that they’re aware enough of outside processes to pick up where another company has left off if necessary.

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Enhancing in-house skillsets

Many companies have stopped utilizing the scope of their in-house teams because they simply haven’t needed it. Again, this is a problem and can lead to employees who aren’t fulfilling their potential, as well as knowledge silos that will never be able to bridge outsourced gaps.

In reality, though, there’s a good chance that your existing team can do much more than you think, if only you focus on helping them to achieve that. As discussed in The Smartest Person in the Room by Christian Espinosa, there are real benefits to leveraging the smartest minds in your team for cybersecurity and everything else that you’ve taken out-of-house in the past. By then pairing these newly developed skills with outside expertise, you can reach levels of greatness the likes of which you’ve probably never even considered.

Pulling pricing down when you need it the most

All companies are looking to manage their money better at the moment, and co-sourcing can help there too. After all, with this approach, you needn’t pay full-whack for either your outsourced services or your in-house team. Rather, you can split costs and enjoy more extensive expertise for less, or at least as little as you were paying before all of this began.

Is co-sourcing likely to pull your business right out of the ashes? Probably not, but with business landscapes still increasingly uncertain, it may well be your best bet for getting operations back up and running in the shortest time frame possible.

In A World Of Competition, Here’s How To Make Your business Stand Out!

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Regardless of your business’ unique product or service, you always have to consider how to generate positive exposure for your business. The following contributed post is entitled, In A World Of Competition, Here’s How To Make Your business Stand Out!

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For most businesses, some healthy competition is a good thing. Indeed, it can encourage growth and challenge, and make sure they are operating in the most efficient way possible. However, as you might have already noticed, too much competition can make it hard for your business to stand out. Happily, there are some tactics you can use to resolve this. Keep reading to find out what they are.

Delight your customers

First, and more foremost if you want your company to stand out above the rest you have to go out of your way to delight your customers. This means going above and beyond the call of duty, not only delivering what you promised but even more!

One way you can do this is by offering amazing customer service, including follow up emails, the chance to rate and review your business, and by being easily contactable in case anyone has any problems they need resolving.

Additionally, you can delight your customers by making sure that any of the important touch points they use to interact with you, such as your website, has amazing UX. After all, the way the user (customer) experiences the process of engaging with your company will determine whether they come back to you to make a purchase or go to your closest competition.

Create unique branding and packaging

Another way you can ensure your product will stand out from the crowd is to invest some serious effort and money into the visuals. This means creating a strong visual brand that reflects your company’s values and is aesthetically pleasing to your target audience.

Of course, your brand should include a logo, as well as a company color palette and font. All of which should be used to create standout packaging so your product jumps off the shelf in stores and online.

Indeed, it is well worth considering high-end packaging finishes too, like the hot stamping and embossing you can visit https://universalengraving.com/lockup to find out more about. The reason being that packaging is more than just how your product is stored and transported, it’s also part of the experience of buying and owning it. Therefore, if you can impress at this stage, you are much more likely to get your product the attention it deserves.

Do some good

Finally, in today’s more eco and socially responsible consumer market you can help your product stand out by making sure you are doing good. Fortunately, there are several ways in which you can do this.

The first is by choosing ecologically sustainable ingredients when making your product. Something that, as you can see from this post https://www.foodnavigator-usa.com/Article is becoming increasingly important to consumers.

Secondly, be sure to address social issues such as fair trade, modern slavery, and a living wage in the manufacture and distribution of your products. Then you can highlight this as part of your USP, therefore doing some good in the world as a business, and doing some good for your business too. Namely, that you will have the edge over any competition that is not yet doing these things.

Case Management Solutions: What are they and who needs them?

Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. Depending what type of business you’re in, case management solutions my be valuable to your operations. The following contributed post is entitled, Case Management Solutions: What are they and who needs them?

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Financial Literacy, Business and Entrepreneurship are common themes throughout the Big Words Space so let us delve into a phrase that has cropped up multiple times quite recently: Case Management Solutions. Is this something you really need to consider for your business? Let’s find out what it is all about and if it could be a beneficial solution for many organizations.

First things first, what is a case management solution?

Case management solutions are applications or software systems that are designed to support a complex process and store a range of one’s data, consolidating this into a single database. Through using a system, case managers, whichever industry they may be concerned with, can regulate cases, allow for better record keeping and real-time updates, without the need for overwhelming amounts of spreadsheets and paper.

So, what are the benefits of a case management system?

As many companies move towards becoming paperless and reducing their carbon footprint, case management systems allow for a decrease in paperwork but ensuring that record-keeping is fully digital. By utilizing cloud-based storage systems, all content can be organized and managed via a single dashboard.

With many workers now working from home, along with many businesses being more global, there has never been a better time to have a remote system in place. All data can then be accessed securely by authorized persons, no matter where they are in the world.

Along with this, this is an ever-increasing need and desire to be able to access real-time and accurate information instantly. Therefore, using a case management solution with integrated cloud-based storage can be hugely beneficial to workers. In turn, this increases efficiency and accuracy across the workforce, potentially reducing the need to outsource.

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Combining the efficiency and accuracy of the cloud-based data, as opposed to plentiful paperwork or individual spreadsheets, resolutions can be met much more quickly and effectively through collaboration. With access being enabled for all relevant team members, individuals are able to access the relevant information and respond appropriately and speedily, communicating via a single interface. Seamless collaboration in this way also reduces the need for emails to be sent back and forth between various team members, saving confusion and time.

With this more concise communication and audit trail, there is increased transparency – one of the many benefits of digital record-keeping. All steps and communications in the process can be accessed and monitored, with risks being identified and problem areas being addressed. Transparency speeds up any reporting process or actions that need to follow and audit trails ensure that trends are able to be analyzed easily, with metrics and analytics being able to be retried easily.

Through the use of case management solutions, a personalized experience can be created for individual clients or consumers. Customer profiles are more streamlined, with all of the relevant information to hand, so responding to customer queries and questions is much more efficient and straightforward, expediting business productivity.

Startup Up Business Ideas

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you have a business idea and want to start your own enterprise, there are some things you need to keep in mind that will really help you out. The following contributed post is entitled, Startup Up Business Ideas.

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So you have decided to start your own business, that’s great. However, it can be hard to know where to get started and figure out what your next steps should be. We have listed below a few tips to help you get started on your business venture.

Write A Business Plan

The first step that any business should take is writing up a business plan. Your business plan should include an overview of your business, what you are planning to sell or offer, what your targets and goals are and what makes you stand out from the rest. Set goes for one, five and ten year and check in with it every now and then to see if you are keeping on track and amend if necessary. If you are unsure on how to structure your business plan there are many templates online to help you.

Grow Your Online Presence

Being online is vital for any business to thrive and be successful. Start by creating a website, it doesn’t have to be over complicated, just ensure it showcases what your business does, contact information and T&Cs. You don’t have to break the bank by hiring a web agency there are a few platforms out there that allow you to create your own website for a fraction of the cost. Sites such as Wix, WordPress and Shopify are all great examples of diy websites. If you are not great with technology there are many videos, articles or professionals out there that can help guide you.

Once your website is all up and running, you will need to think about opening up a couple social media accounts. Social media is one of the best ways to get your business noticed. Most platforms will allow you to advertise to a selected target audience of your choice. The leading social media platforms are Facebook, Instagram, Twitter, Tik Tok and Pinterest. Make sure you choose one or two platforms to focus on as having too many to focus on at once can become overwhelming.

Have The Right Equipment In place

When starting your business it can be hard knowing what equipment your office will need. Take a look at our must-have list below.
● Furniture – Whether you are setting up your business in an office or at home, you will need some furniture to get you going. You could start with a standard desk and chairs but for the long term we would recommend investing in some ergonomic furniture.
● Technology – You will need a computer that provides access to software such as word, powerpoint and spreadsheet. With everyone still having to keep their distance video calls are a popular way to communicate among customers, suppliers and work colleagues. Find the best software for your business, popular sites include Click4assistance, LiveHelpNow and Proficonf.

We hope these tips helped, it’s now down to you to put these tips in place and start growing your business. Whilst you are here take a look at our post on Should Your Small Business Look To Outsource?

Are You Setting The Right Standards For Your Business?

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. You shouldn’t just hastily start your business. You should also have standards and guidelines for it. The following contributed post is entitled, Are You Setting The Right Standards For Your Business?

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The right standards within your business might be very different to the industry’s standard as a whole, but this doesn’t have to be a bad thing. After all, we all work in our own ways, and the market fosters and celebrates innovation. However, you need to make sure your thoughts and goals are shared by your company as an entity.

You need to be sure that your employees or team members all pitch in like you do, and that you’re committing to a standard that your customers enjoy. So, here are some of the best methods for staying on top of maintaining the standards you really want your company to have.

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Define Your Standards

The first thing to do is realise what you want out of your company, and the kind of actions you want everyone working for you to uphold. After all, you’ve got values, and you want your business to grow based on them, so make sure you’ve got a pen and paper, and write down all your thoughts about what you want to see in a working environment every day. Turn them into actionable goals based on these points.

Make Sure There’s a Controlled Measurement

Now, once you have some standards written out on paper, you’re going to need to come up with some ways to objectively measure them. Of course, the biggest mark of success is a bigger profit than the month or year before, but before you reach a stage like that, you’re going to have to get into the details.

So, set an example to your team, then make sure you assess their skills and delegate tasks out accordingly, and always congratulate people on a job well done. Give them targets to reach, and never let a completed goal go unrecognised.

And don’t forget about the inhuman factor either. Run regular inspections on all office equipment, make sure guidelines are written out on how to deal with them – using LEM Products here is the easiest way to get the message across – and consistently update and maintain both software and hardware for a smooth working performance.

Get Ready To Coach Your Staff Through It

And then we come to the fact that some of your team members are going to perform under the standard you want. In situations like this, you need to put in a little more time and effort to really get the best out of them.

They might be finding it hard to adjust, or they might just need a little more coaching from the person who sets and maintains the goals. Simply put, if you really want your team to rally together on this, make sure you put in the work yourself and show them how it’s done!

The right standards in business are entirely up to you. Make sure your vision is shared by everyone else in your company, and always hold regular inspections to ensure your company’s infrastructure is performing as well as you are.

New Business Models Nobody Ever Expected Would Be So Successful

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Some of the most successful business models are those that no one sees coming. When this happens, they take the world by storm and only a select few experience the explosive profits from them, while the rest of the society benefits from their use. The following contributed post is entitled, New Business Models Nobody Ever Expected Would Be So Successful.

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Throughout history, we’ve seen a bunch of business models develop that have provided the average person with massive value – and made us all much wealthier. The nineteenth-century factory model, for instance, wasn’t pretty, but it was hugely effective, and it meant that the average person could begin living a semi-comfortable life.

In the 1920s, we saw the rise of the “bait and hook” model where manufacturers would lure customers with an initial low-cost product, and then upsell them. And in the 1950s, the franchise model was born, allowing businesses to grow very large while maintaining the incentive for excellence.

In the present decade, we’re likely to see the growth of some brand new and exciting business models, based on innovative technology.

There are already some seriously good examples of cutting-edge companies doing their best to change the way business works. Here’s what’s likely to emerge.

The Bluetooth Economy

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Imagine being able to confirm your identity wherever you went and gain access to facilities, garages, or your place of work 24-hours a day.

At the moment, seamless technologies are few and far between. But Bluetooth could offer companies an entirely different model.

Take the concept of storage smart entry, for instance. The idea here is that people just use their mobile devices to gain access to their storage areas instead of having to rely on keys or on-site personnel. But the same principle could apply across the economy. Stores, for instance, could allow trusted customers to let themselves in whenever they like, pay for products as they shop, and leave, without having to interact with an actual cashier. It sounds crazy, but it could happen.

The Transformation Economy

The more philosophical you become, the more you realize that material wealth isn’t the be-all-and-end-all to personal satisfaction. But that’s creating a problem in the wider economy. Most people don’t know what to do other than chase money. And it’s leading to a kind of existential anxiety where individuals aren’t quite sure why they’re here or what they’re doing.

The so-called “transformation” economy is trying to change that. Here, gurus in various fields are offering their services to help people navigate the strangeness and infinite complexity of life. Now that most people are wealthy (at least by historical standards), the hope is that they can use their money to derive a little more meaning from life. Once you’ve got all the trappings of luxury, what else is there to spend your money on than improving your lived experiences?

The Decentralised Economy

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Imagine a world in which each person sells their services to a range of companies but isn’t an employee of any.

It sounds a little dystopian, but the reality will be different. It’ll feel way more empowering than having to slog it out with a single employer, year after year. Instead, you’ll be able to dip into different kinds of work, face new challenges, and, hopefully, increase your pay at the same time.

The decentralized economy will hopefully allow anyone to earn money from anywhere, potentially solving the problem of unemployment.