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Nov 15

How to Make Your Business Future Proof

By: Lydia Adams

To future-proof your business, make changes regularly to keep up with current trends and technology. That way, you can avoid spending a significant amount of money at once to replace outdated technology and retrain your employees. Here are some more tips on making your business future-proof.

Train More Millennials

In a decade, more than 75 percent of the workforce will be millennials. Start training younger employees now so that they are ready to take the positions left vacant when older employees retire or get promoted. Consider a mentoring program to help your best and most experienced employees teach younger workers everything they need to know. Make sure you improve your website, your apps, and other tech features. Most millennials are used to working with smartphones, tablets, and many other devices.

Diversify and Expand

Even if one excellent product is responsible for your company’s success, you should protect your business by diversifying and expanding. The latest toy, game, or electronic device might seem obsolete to many people in just a few months. Sell several different products to give customers options and attract more buyers. Invest in your business by expanding when you’re ready. If you have more than one site, local weather, traffic, and other conditions won’t impact your profits as much.

Use the Cloud

Cloud apps and services are often accessible from lots of different devices and locations. Some are free, and others ask for a yearly or monthly fee. Since the programs are hosted online on a server, they’re always up to date and upgrades are automatic. For example, you can use Google Docs to talk to coworkers, edit and make notes on documents, and save essential data.

Contact UNIM for custom solutions to help you make your business future proof, save money, and increase your efficiency.