Where Business is Headed Toward the Next 5 Years
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- Опубликовано: 7 сен 2024
- For detailed show notes and links, visit www.patrickbetd...
People often ask me where I see business going in the next five, 15, 20 years. In this video, I cover eight different things that entrepreneurs should pay attention to in the next five plus years.
#1: Attention Span - 0:23
#2 Speed - 2:09
#3: Social Issues - 3:06
#4: Education - 4:35
#5: Data - 6:48
#6: Mobile - 7:16
#7: Boring Industries will dominate exciting industries - 8:01
#8: Transparency - 9:10
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Who's here after 5 years realizing everything he predicted was correct
🤚🤚🤚
2019 this is spot on
Little did you know what was about to come...
This video really connected with me Pat! One of your best videos (which is saying something)!
It would be really awesome if you could do a more in depth video for each of these points, I personally would get a lot of value from it. I'm sure others would as well.
Cheers and I hope your meeting was successful ;)
+The Healthy Tray I do more in private functions. It would take some time.
This video to me is another blockbuster. My adrenaline went wild and I could only be grateful to @PatrickBet-David for the invaluable education and insights into the future of life and business. You are just a phenomenon!
+Nick Oj That's what I like to hear. 👍👊😎
Lol. Distracting GoldFish was funny.
+Almedia Exum Yeah, hilarious.
+Almedia Exum 👍👊😎
@@VALUETAINMENT Can you interview dan pena and Dan lok ?
I think degrees in Engineering, Med school, the sciences and possibly Law will stay 4 to 8 years , but I could easily see business , marketing , liberal arts and fitness degrees easily become 18 month degrees over the next 20 years.
It is not just your opinion. Ours too. It sure is the greatest channel on RUclips for Entrepreneurs.
+SHINGOLD Thanks for the love. 👍👊😎
+VALUETAINMENT No need for gratitude. We simply appreciate your contents. 😉👉👍
You're the best coach, the best teacher and a real man!
Pat, thank you for this. It got the creative juices flowing. I got 4 new ideas that I know will help to grow my industry.
What's the ideas
Great insight! Thanks for sharing all those tips and advices with us!
+Panagiotis Rafail 👍👊😎
You give us Golden information. I thank you!
+thatkidfrom PHILLY That's my goal. Wait till you hear what I'm launching in late August. 👍👊😎
Amazing, as always! I'm glad we have access to this kind of information for free! Thank you!
+Gui Coelho 👍👊😎 Stay tuned for something major I'll be launching in August.
Everything you said is actually what's happening.
Yes, education as we know it will face massive change in the near future. Looking back in history, physical strength was the main power, then the church was because of religious pressure, and finally universities gained control because of the scientific revolution and renaissance. The technological revolution is arguably even more significant, we'll have to find out what the next big power will be in the coming decades.
Patrick you motivate me. You are very realistic and in touch with your heart . Respect .
What about the digital marketing as a whole for the industry you want to pursue? I am not talking about swinging for the fences by creating the latest platform/ app. I am talking about an agency that stays on top of these trends, and helps businesses grow by utilizing them. It combines excitement, and stability. Technology is always going to be more, and more integrated in business. So why not exploit it fully to help business owners, artists, and entertainers? You are the numbers guy Pat, I'll leave that to you :) haha I am just trying to combine perspectives here. Much respect, and keep up the great videos!
+Patrick Burns Digital marketing will do well but it's not the seed. Technology and social media will give birth to the need to digital marketing. I'm not sure if I'm making sense or not. I hope it makes sense. Thanks for commenting.
Where Business is Headed Toward the Next 5 Years
Key Takeaways:
1.Attention span
2.Speed
3.Social issues
4.Education
5.Data
6.Mobile
7.Boring industries will dominate
8.Transparency
you deserve more likes!
6 years later, he's right! especially how we can tap our phones to pay for things more and more.
understand where the attention is in the world and be able to deliver quickly, make content and be able to connect with people, college as we know it is becoming obsolete, know how to use data especially when working with mobile devices, "boring">cutting edge, secrets no longer exist be open with people
Do you think that the boring industries will start becoming more relevant in 5 years and from that point further
Published on 2016. Forget about mobile, in China now 2019 they pay with face recognition. Going fast.....
I am so addicted to watching this channel. Thanks for another great video.
🙏💪🏽
I love this video! I think all points are exactly right and well explained.
I think is kids priority to find the way to stay entertained. If they care about it, everything sounds like magic!
no, I swear, I thought about most these ideas just the other day... esp the education n speed part because I'm a teen n I can't stand slowness, I'm so used to my phone n computers speed that I apply it everything n everyone I'm like go go go! every time😂
and now we are here with TikTok with a 1-sec Attention span, nice call sir
some of the greatest information on RUclips. thanks
Thank you . I like to hear that. We feel our content can go against any other channels content for Entrepreneurs. 👍👊😎
wow whatta solid content! The "boring" industry is quite interesting ..
Can you make a video with business to business selling, and sales overall, fear of selling and how to overcome negative limiting beliefs. Thanks dude, please keep up the great work, your a great speaker. Thank you
+carlster eway You may enjoy this video: ruclips.net/video/UOVyqR06roY/видео.html
I am a man that is in a business predominantly for women, I took over a shape wear company and I'm transitioning into the U.S. I have no doubt the product will take off because of the impact its had in Mexico however as a man I'm finding it challenging to present the business to women because of how intimate women find the product. Any suggestions or men here that can give me advice on how to enter this market. Thank you.
Great video, although I do believe traditional Universities WILL be taking a hit, but NOT due to lack of attention span, that's been around forever, it will be due to online education which is the same reason Blockbuster almost went bankrupt, people rent movies online, as well as buying music. The cable industry is also suffering because of the internet. people will be learning online and education in schools will diminish. "Boring Industries will dominate exciting industries" is very interesting topic...please make a video on this for a deeper understanding. Thanks for your videos, I must say your content is very original...thanks!
Thank you Pat,, you inspire me a lot differently...
And you know the things very well dad as I've learned everything from you dad just waiting as my grandfather is here that's why it's ok
Boring industries become very exciting when the money flows!
I Agree with You Patrick
Great stuff. I especially love the last point!
+👍🏼👊🏼Lealem Mulugeta
And one more thing is that today when I was walking on road it was empty otherwise each time there were traffic each time but tonight it was empty and I got it why is that....
I approuve what you said, but I would add that geriatrics and natural health care will be very important in the next 5 to 10 years considering that baby boomers are aging and the bad nutrition that we have nowadays.
Muy real y de mucho valor. Gracias Pat!
Video was on point. You just gained a subscriber
+C Deba it's good insight, I'm watching him more and more
+C Deba Thanks for the sub.
Yes goldfish was hilarious. Nice touch!
Great video as always. Very informative!
+Shirley Oxios Thanks. 👍👊😎
Pat. Can you make a "How to inspect people" video. So I can learn how to position people in my business?
Pat, can you please let me know what are those boring industries are? Few of them
Priceless ideas and your best looks so far!
5 years later and that is exactly what happened
Please make a video about, How to handle "Money crisis" in business. I meant How to handle Bad days in business.
Comes back from school, opens valuetainment to learn about some real stuff
+Kinix ML 👍👊😎
Spot on tie
2020 and this is accurate
Point well made...
Virtual Reality classrooms will be awesome. There will be lots of travel,but not physical travel. But we will feel like we're there. Can you imagine?
Yes, we can imagine, Covid-19 has readjusted reality
Couldn’t be more accurate in 2021
great video pat
patrick, do you think that some sectors in the technology industry could be classified as boring industries like the cctv cameras and surveillance technology which is about security unlike snapchat and all the entertaining techonlogy which people are shifting to. what do u think ?
It's boring compared to other products in the tech world.
4 Years so far..we on the way 👌
what are the boring industries?
Hey, Patrick. How do you think the attention span statistic will affect marketing? Will marketing have to become more and more flashy and dynamic to keep the audience's attention? Or do you think people will enjoy more relaxed and calm marketing as time goes on? Thanks in advance. :)
+Josh Bloomfield It all depends on the audience you're trying to attract. But you'll need to break the ice and get my attention very very fast. Even faster than before.
Thanks for the video Pat.
+Bayonle Arashi you got it. 👍👊😎
Love the entire video but specially the last point. You can't be in-genuine and expect others to like you as a leader. Let me think of boringgggg industries...!!
+Shazia Bangash Were you able to think of any boring industries?
Yes the top one is the one you chose, the finanacial industry. But i think i am gonna persue something related to food...
Love the advice on boring industries. Pick a healthy wife.
Universities and going down. Books, RUclips, travel, apprenticeships are the future.
Sad to see Zombies walking on the planet.
+Sleeping Elephant Zombies are the best thing for innovators. 👍👊😎
I subscribed your channel 😉
Another great video, priceless information.
+Travis Triggs You got it. 👍👊😎
Can you do a video about the dot-com bubble and how it affected the AOL Time Warner merger?
+Alex Escher which part?
I believe business will be moving forward with electronic devices and payments. I invested into Bitcoin since I see it's the first digital crypto currency. The price on Bitcoin has only been rising.
+Osvaldo Aguilar I wouldn't say it's only been rising. I bought bitcoins back in 2014 for $1,100 now it's nowhere near that. If another silkroad market comes along this will help your investment immensely
+SapioSauce I didn't buy a big amount I'm actually morning Bitcoin little everyday and I'm expected the value to increase since so many big name people has invested into it.
A couple companies accept it as payment too, like Fiverr.com
+SapioSauce My grammar is horrible this morning lol Yeah I've seen some companies use it as a form of payment. I'm optimistic but only time will tell on my investment.
I'm all in on dogecoin hahaha
oh my gosh pat!! ur so right about the boring industries... do you consider tourism as one? do you think old travel agencies are going to almost disappear and all the trips will be sold online? Thanks for this info,i ll call you as soon as i make it to the top.
thank you from spain!
+Nacho Sanchez Tourism has a ton of opportunity for someone to innovate. Depending on which part of travel it could be both boring and sexy.
YES! #7!
The solution for the attention span problem and people and kids who can't pay attention to things is very simple. Call it ADHD and medicate everyone into submission and paying attention! BOOM! Problem solved! That's a multi-million dollar business right there!
Oh.... but wait! Someone has foreseen this many years ago and built a side industry on this even though it all started with a joke, a prank, yet no one cared to listen to its inventor since it was such a goldmine to take advantage of!
That aside, very interesting points Pat is making in this video and I think he may very well be right!
Awesome video!
+Adm News Thanks.
Thank you.. This is awesome
+mynameiskranz You got it. 👍👊😎
Love this video!
+Almedia Exum Thanks.
"Pay attention to boring industries." Church!
Insightful, thanks
There is a boom with Financial planning and advisors. Do you think it is one of the boring sectors of finance?
Yes. I'm in the same industry. Which firm are you with?
+VALUETAINMENT i work in Australia, i dnt think the financial industry over here is as big as the one in the states. What do you reckon?
You had me at boring industries.
+John Doe I understand. You had me at your name John Doe. 👍👊😎
+John Doe Here's what I meant.
Technology, social media, hollywood, sports, mobile, media, real estate are all exciting.
Insurance, finance, medical, food, market, discount stores and things that no one pays any attention to.
Yup. I know exactly what you mean and i agree. Looking forward to your next video sir. Loving the content.
+VALUETAINMENT Would you please ecplain the market you mentioned here? i also want to disrupt some " boring" industry for me.
love the tips
Actually.. the memory of a goldfish is seconds... that abit different from attention span. But i get ur concept
shared
Pat ur a genius, what do u think about the construction industry, does come under the boring industries?
+Riad AL-Alami I think that falls in the boring industry (Unless if you're dealing with celebrities.) It's a great opportunity to be creative with this.
I'm very deep in the Snapchat business so I found this interesting. What's an example of a boring industry?
For some, it's usually finance, insurance, medical, and stuff like that ...just track what Buffett and Munger invest in...its emir philosophy
+Kinix ML their*
+SapioSauce Kinix ML answered it well.
+SapioSauce Generally the best way to explain it is industries that no one is paying attention to.
Everyone is following technology, social media, snapchat type of businesses so the key is to look at industries that NO ONE is paying attention to.
Aaaaaaaaaand he's right....
The gold fish was good 👌🏾
can jou tel more about the " BORING INDUSTRIES"?
+dennis blankespoor (DBLgames)
Technology, social media, hollywood, sports, mobile, media, real estate are all exciting.
Insurance, finance, medical, food, market, discount stores and things that no one pays any attention to.
As an investor, I agree to disagree. There are whole investment funds structured on the thesis of disruption of all these industries via insurtech fintech RegTech medtech foodtech and retail/e-commerce. How are these industries boring?
I’d classify boring industries as the biggest losers for the past few years, something like mining is not what sparks excitement and disruption. Identify why they’re losing- is the industry just redundant? Is it regulation? Is it lack of skilled workforce? Is barrier to entry way too high?
Make a new video today about the next 5 years from today. It's very eelecanttnow that there's a recession
#bestvid #thanks #pat #goodpoints
Totally agree with you.
👍👊😎
This resonates with us videogame developers so much:
+Alejandro Planas Attention span, if you cant keep developers focused on the core principles of the game then they will add more features but that dont really contribute to the feeling you try to convey, and if you dont keep players interested in your upcoming projects and while the game is out, then your sales and fanbase will die out quickly
+Alejandro Planas Speed in delivery, as games usually take 3-5 years to make it is hard to keep a same fanbase interested in continuous projects, such as trilogies, as they might have to wait 9-15 years to live it all out. We need to assure the same level of quality while getting games out in shorter periods of time while not increasing the price of making them substantially
+Alejandro Planas Social media as marketing and most importantly feedback
+Alejandro Planas Education as now more people come from schools where they teach Game Design, Game Development, Game Art, yet apart from Full Sail most are theoretical rather than practical, and new devs have the concepts set but no experience, which is dangerous
+Alejandro Planas Data goes back to feedback, but also trends, demands, releases of competitors, etc.
Hey Pat, is the fintech industry considered a boring industry?
+samuel topdown it depends on which part.
Valuetainment if it is in the aspect of instant payment services and transfer of funds between banks and consumers? What about mobile-only, branchless banks?
Valuetainment thanks for replying btw!!
Two years later.... you called it.
Great content!
+Ognjen Milosevic 👍👊😎
2:00 BINGO!
nice list
👍👊😎
you're the man!!
+Nathan Raymond much 💜
by boring industries you mean the blockchain and big data?
On Point!
👍👊😎
And dad I've learned everything from you before you I was nothing but by you I learned everything dad just because of you I learned everything and one thing beyond understanding that why religion matters to Vivek bindra that much as I think it's not the religion it's his personal interest dad as it's personal interest nothing else and now we are already out than what to do now that tell me as behind me peoples are there who's not letting me to work and second thing you know very well and my queen is safe and after each hearing there's new thing is coming out
Great job pat.you a cleaver dude
Pay close attention to boring industries that nobody is paying attention to.
+Hava Nagila yes
Nice Suit and Tie, Pat! haha
+Kenard Andrade Neto Thanks.