Advancements in technology have always confounded those who were well acquainted with the status quo. However, what would life be like today if there were no early adopters of computer technology?
We would likely find reports constructed on a typewriter complete with whiteout marks. We would find a hand written ledger that would manage the accounting side of a business and we would find all correspondence with customers and business associates being done face-to-face, by phone or through letters.
Cell phones would not be used, video conferencing would be the stuff of sci-fi and many opportunities would be largely missed.
As technology changes we need to learn to harness what positives we can from the process in order to maximize potential earnings. For instance technology has simplified the art of communication. In a business-to-business scenario it is possible to make immediate contact through instant messaging with associates around the world. Email blasts can happen with short notice and total connection time is reduced in some cases by days.
If time is money then computer technology has the ability to save business owners a lot of money. We have product to move, time on our hands and we need the ability to drive sales NOW.
The concepts we have come to use regularly in online business were developed by computer geeks we all made fun of many years ago when they huddled in high school computer labs writing code for things we thought were irrelevant. Today these men and women command our respect because they bought into a bigger picture we couldn't see.
So as the methods of business change so, too, does business. In many cases the storefront has been abandoned in favor of an office at home. The role of business has been relegated to the imagination of the business owner. There are rules, but there is more flexibility and innovation than many have previously experienced.
Online business has abandoned the notion that only the rich and powerful can create business. The Internet has brought a sense of business equality to the masses and this notion is being embraced far and wide.
In many cases the delivery side of business remains unchanged, but the execution of business and the development of clients has seen a radical departure from even twenty years ago.
There has to be an understanding that the methods of business will change, but the end result still needs to be a successful business.
Marketing skills will need to be adapted or newly developed for an online environment. We won't have the opportunity for face-to-face sales so high pressure techniques may need to be set aside for the sake of improved consumer response.
Where once customers could simply ask us for advice on a product or service now we must be proactive and deliver quality information before they even ask. We do that online through ezines, ecourses and email.
In many cases the consumer demands more of ecommerce and we need to be prepared to give it to them. The cyber pool is much larger than a local storefront so treat it with all the respect you might give a five star hotel. If you treat it that way chances are pretty good your customers will think of it more highly as well.
Change In Business Environment
Take for example a person who sets up a restaurant in a local community. Initially, it is necessary to gather capital together ? people want to dine in a nice atmosphere thus it is necessary to spend heavily on this. What does this involve?
It may be necessary to convert a previously unused building so immediately the full range of trades is required through joinery, plastering, perhaps plumbing, tile fitters, painters, decorators' etc. Additionally, a huge range of materials will need to be purchased from tiling, carpets, wallpaper, kitchen materials and cooking facilities etc.
So immediately the benefits to the local community are evident and suppliers of these trades and services benefit.
Going further back, when the idea was being formed, the chances are that an architect would be used to help form the final design and possibly a quantity surveyor to analyze the anticipated costs of the project, perhaps interior designers to help with the proposed theme. Additionally, an accountant's services will probably be employed to prepare a business plan and cash flow projections.
Continuing down the line, once the restaurant is open it will require staff, again a benefit to the local community, and will require constant maintenance, taking us right back to square one.
Now, as we all know, each business has different requirements, but this gives a general idea of the necessity of entrepreneurs in the local community.
The businessman is proactive, takes financial and reputation risks, and, like other trades or professions, provides a valuable and necessary service.
In many communities, businessmen who do well are often scorned and questions abound throughout the community as to the morality of the individuals required, without taking stock of the above however this is perhaps a natural human emotional response.
It may be levied at the businessman that his goal is to maximize profit, but then of course he is or he wouldn't have ploughed capital and taken the risks in the first place; indeed, is that not the goal of any profession or trade also? It would be absurd to imagine someone getting out of bed in the morning if the goal were not to maximize profit?
Of course there are unscrupulous businessmen and unfair employers, but are there are there not also unscrupulous tradesmen, professionals, or indeed politicians and heads of multi national corporations?
The average community, if there is such a thing, would greatly struggle without the businessmen; indeed, the argument could be put forth that the community as we all know it, would perhaps cease to exist ? someone can only get employment if someone else takes the risk to set up a firm.
Every trade or profession is dependent on the businessman to a degree, they may even be businessmen themselves by definition and the community ticks round as we know it due to the businessmen taking risks, employing local advice and inputting capital to whatever venture is involved.
Both Scott Lindsay & Naz Daud are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.