May 21, 2022 Breaking News, Latest News, and Videos

4 Tips to Become a Future Ready Company

The world of business is changing at a rate that we’ve never experienced before. With AI becoming mainstream and customer trends shifting rapidly, it’s becoming impossible for companies to stay on top of the changes. How can they alter their operations to be ready for the future? Is it even possible to future proof a business to a point where it will not be affected by new developments? Let’s find out as we explore some of the most important things entrepreneurs need to consider when it comes to making a company future ready. 

Invest in Technology

The days of ignoring technology are coming to an end. Every business – both small and large from all industries – needs to start thinking about leveraging technology to improve operations and increase productivity. If you’re operating in the logistics industry, consider investing in fleet maintenance management. Find out what your options are and choose the best solution based on your needs. If you own a business in the hospitality sector, explore options for getting online and offering a delivery service to your customers. Think about ways to streamline your operations with digital stocktaking and self-order kiosks. The takeaway from this point is to invest now for a better tomorrow.

Scale Sustainably

When things are on the up, it’s important to keep the momentum going without getting carried away. Determine standards for scalability that are achievable and draw up plans that will allow you to reach your goals. Get the support you need in place and make sure your entire team is ready for the changes that are about to happen. Make sure you have the capability to cater for the new demands that will be placed on your business and set out the infrastructure that’s needed to support you and your team. Scale in a sustainable way and your chances of success will multiple. 

Plan for a Rainy Day

Things can (and will) go wrong as you begin to future-proof your company. It’s important to start saving money today and be ready for the challenges that you will inevitably face, or you might end up going backwards instead of forwards. Leave some flexibility in your growth plan and always have some extra capital put aside to cover any unforeseen expenses. It might seem like a no-brainer but you’d be surprised at how many companies fail due to a lack of planning for rainy days. 

Retarget Current Customers

Most businesses get wrapped up in trying to attract the attention of new customers that they forget about their current customers. Sound like something you’re guilty of? Not retargeting customers who may have bought from you in the past is a huge mistake and you’re leaving big money on the table by ignoring them. These are the people who have supported you in the past and it’s important to show your appreciation to them. Do this by creating retargeting ads and offering them a discount. By doing so, you’re encouraging sales and you’re strengthening your brand loyalty as the customer will feel appreciated. It’s a win-win. 

in News
Related Posts

Los Angeles Metro Sees 15.9 Percent Increase in Median Rent

May 20, 2022

May 20, 2022

Median rent of $2,258, according to recent report By Dolores Quintana The ongoing pandemic has exacerbated the issues of housing...

New Renderings for Frank Gehry Hotel Development in Santa Monica

May 20, 2022

May 20, 2022

Project would include hotel, apartments, retail and a museum By Dolores Quintana Slowly but surely, plans for a  Frank Gehry-designed...

Shared Mobility Plummets in Santa Monica

May 20, 2022

May 20, 2022

Recent report also shows that nearly half of riders make over $100,000 By Sam Catanzaro Shared mobility use in Santa...

Christopher Dishlip Selected as Santa Monica’s New Assistant Director of Public Works

May 20, 2022

May 20, 2022

Public Works Director Rick Valte announced the selection of Christopher Dishlip as Santa Monica’s new Assistant Director of Public Works....

Letter to Editor: Response to Himmelrich’s “We Walk the Talk” Column

May 20, 2022

May 20, 2022

By Beau Marks As a Santa Monica resident, I am dismayed by Sue Himmelrich’s response (“We Walk the Talk,” Santa...

Motional And UberEats Launch Autonomous Deliveries In Santa Monica

May 18, 2022

May 18, 2022

There Are Plans For Expansion Into The Rest Of Los Angeles Motional, a global driverless technology leader, and Uber Technologies...

Winston Pies Opening Third Location In Santa Monica

May 18, 2022

May 18, 2022

The restaurant used to be known as ButterCrust Pies Winston Pies is staying in Santa Monica when opening their third...

Only 10 Vaquita Porpoises Survive, But The Species May Not Be Doomed

May 17, 2022

May 17, 2022

Hope remains for the porpoise species not only survive but thrive with human help. By Stuart Wolpert The vaquita porpoise,...

The American Cinematheque Brings “Bleak Week” To Santa Monica’s Aero Theatre And The Los Feliz Three Theatre

May 17, 2022

May 17, 2022

33 Films From 18 Countries In One Week. By Dolores Quintana Sometimes when things are tough and you’re feeling down,...

Man Who Murdered His Family Members Pleads Guilty To Five Other Killings

May 16, 2022

May 16, 2022

Escobar injured an additional seven other people as well.  By Dolores Quintana A man, Ramon Escobar, has pleaded guilty to...

The price of gasoline in Los Angeles County Has Experienced The Largest Increase Since February

May 16, 2022

May 16, 2022

Gasoline prices in Orange County Have Also Increased By Dolores Quintana Regular self-serve gasoline in the county of Los Angeles...

Santa Monica Travel Summit Of 2022 Returns To Take On Tomorrow

May 16, 2022

May 16, 2022

The Event Was Held At The Jonathan Club On Santa Monica Beach By Staff Writer The 2022 Santa Monica Tourism...

City Council Extends Santa Monica’s Parklet Program: Santa Monica Beat – May 16th, 2022

May 16, 2022

May 16, 2022

Local news and culture in under 5 minutes.* City Council Extends Santa Monica’s Parklet Program * Santa Monica High School Students...

1221 Ocean Avenue Complex Sold For Record Price

May 16, 2022

May 16, 2022

Sold for a record price of $330 million. By Dolores Quintana The Irvine Company has sold 1221 Ocean Avenue to...

Office Construction Is Starting To Rise In Los Angeles

May 15, 2022

May 15, 2022

Property vacancies are still affecting growth.  By Dolores Quintana In March, the Los Angeles Metropolitan area had 3.2 million square...