We know business coaching in Australia has changed over the recent months. A greater focus on delivering online programs and the importance of the psychological impact on business owners, are just a couple of areas our business has had to pivot to support our clients.
So What Can We Expect for the Year Ahead?
The business environment for small and large business owners is changing rapidly and entrepreneurs need to remain competitive and relevant. Not surprisingly technology continues to dominate the evolving business landscape as the digital world becomes a familiar way of life.
If last year’s events taught us anything, it’s that business owners and entrepreneurs need to embrace flexibility in their operations and workplace. With this in mind, the opportunities for growth and development are huge and we’ve listed some of the latest business trends that could have an impact on your future direction.
More People Working Remotely
COVID played a significant role in forcing businesses to pivot their operations and have more of their employees work from home. Aside from the fact that working remotely limits the spread of the virus between people, organisations have experienced an increase in the productivity of many workers. People have discovered that they are less distracted at home than they were in the office meaning they can deliver a higher level of output.
Live video conferencing platforms have paved the way for face-to-face meetings and these types of technologies are only going to improve in the future. Depending on your industry many businesses will need to be more flexible to retain and attract the right staff. There has been a significant shift in expectations from people who want to work from home as part of their employment conditions to improve their work/life balance.
Increase in Niche Products
Consumers are becoming more particular about their preferences, needs and wants. There has been a significant shift towards being ‘unique’ and the desire for customised products and services. Veganism is one such example that is having a big impact on the food industry as we see more and more cafes and restaurants dedicating their business to serving meat and dairy-free products.
The abundance of information available to us at our fingertips is allowing society to become more educated and aware of their environment, latest trends and new products. With so much choice now, there is there are huge opportunities for businesses to customised their products and services to meet the needs of a niche market.
Increased Demand for Virtual Assistants
As a direct result of the move away from the traditional office environment, there has been a significant increase in the requirement for virtual assistants. People are working from home and finding that their profits are increasing by outsourcing time-consuming and non-essential tasks to virtual assistants.
With so much business being done online nowadays and data-driven decision making playing a major role in the strategic direction of businesses, the need for virtual assistants will grow as business owners and entrepreneurs must stay at the forefront of their business to remain competitive.
Increase in Social Consciousness
The concern for the environment an all-time high. As the momentum for protecting the environment increases, the demand for products and services that are do not contribute to the degradation of the environment will only gain more momentum.
It’s going to be important for businesses to remain relevant and play their part in protecting the environment. In the coming years, we will see more businesses adopt recycling initiatives, sell green products and services or take measures to change operations to conserve energy, as an example.
How Does Business Coaching in Australia Help You
With the day to day running of your business there may not be a lot of time left for you to analyse predicted trends and work out how your business can maximise opportunities to grow and expand.
That’s where business coaching in Australia can help. Here at UpCoach, we keep up-to-date on the latest trends that will impact your business. We can help you capitalise on forecasted trends to make the most of the opportunities to grow your business.