March 29, 2024 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 County Braces for Heavy Rain, Snow, and Possible Thunderstorms Over Weekend

March 28, 2024

March 28, 2024

National Weather Service Issues Alerts for Flooding and Possible Tornado  According to the latest reports from the National Weather Service...

Hotel Workers to Speak Out on Harassment Endured at Santa Monica Hampton Inn

March 28, 2024

March 28, 2024

The Hotel Is One of Five Hotels in the Charter City That Are Still in a Labor Dispute By Zach...

Santa Monica Rotary Club Raises Over $21,000 for SMC Guardian Scholars Program

March 28, 2024

March 28, 2024

This Grant Will Provide Essential Support to Current and Former Foster Youth Enrolled at the College The Rotary Club of...

 (Video) Philz Coffee Set to Close Westside Location Next Month

March 27, 2024

March 27, 2024

The Franchise Recently Made Headlines for Changing Headquarters @smmirrornews Philz is closing its Santa Monica shop #coffeeaddict #coffee #coffeeshop #losangeles...

Fleurs et Sel Bakery Opens Storefront in West Adams, Welcomes Customers Three Days a Week

March 27, 2024

March 27, 2024

Indulge in Freshly Baked Cookies at the New West Adams Location Fleurs et Sel Bakery, known for its delectable cookies...

Easter Specials Guide: Brunch Spots, Desserts, and More in West Los Angeles

March 27, 2024

March 27, 2024

Discover the Best Easter Eats and Treats in LA for Your Holiday Celebration Easter is almost here, so here are...

Famous Literary Critic and Palisadian Passes Away at 92

March 27, 2024

March 27, 2024

A Memoriam Post Stated She Overturned Views on T. S. Eliot, Ezra Pound and Other Canonized Artists By Zach Armstrong...

Mixed-Use Development Set for Sloping Property along Chautauqua Boulevard

March 27, 2024

March 27, 2024

“Canyon Place” Is Set to Include Two Apartment Units and 1,415 Sq. Ft. of Office Space By Zach Armstrong A...

Over Five Miles of Venice Blvd. to Temporarily Close, Become Public Park in April

March 27, 2024

March 27, 2024

The Initiative, Which Started in 2010, Aims to Connect Communities and Promote Sustainable Transportation Options On Sunday, April 21 from...

(Video) Workers Strike at Luxury Hotel in Downtown Santa Monica

March 27, 2024

March 27, 2024

Meanwhile, Unite Here Local 11 Recently Announced a Contract Was Ratified at 34 Hotels @smmirrornews Workers are striking at Proper...

(Video) Director Adam Wingard Talks About His Influences While Making GODZILLA X KONG: THE NEW EMPIRE

March 27, 2024

March 27, 2024

Director Adam Wingard Talks About His Influences While Making GODZILLA X KONG: THE NEW EMPIRE at the Beyond Fest Screening...

Historic Union Contract Ratified by Thousands of Hotel Workers At 34 Hotels

March 26, 2024

March 26, 2024

UNITE HERE Local 11 Negotiates Agreement Ensuring Wage Increases  Hotel workers, who spearheaded the largest hotel strike in modern U.S....

Teen Kung Fu Coming to Pali Rec Center

March 26, 2024

March 26, 2024

This 8-week session, priced at $160, commences in April 2024 Palisades Recreation Center introduces Teen Kung Fu classes, fostering a...

After Securing $200K Grant, City Embarks on Action Plan for Older Adults, People with Disabilities and Caregivers

March 25, 2024

March 25, 2024

The City Will Engage Experts, Nonprofit Partners, Commissioners, and Stakeholders to Spearhead the Planning Process The city of Santa Monica...

City Commences Phase 2 of Beach Restoration Project

March 25, 2024

March 25, 2024

The Project Will Enlarge the Habitat for Significant Native Species, Including the Federally Threatened Western Snowy Plover Phase 2 of...