I have some great news. We are living longer. According to the World Economic Forum, my children have a 50% chance to live to 100. That’s 12 years and a 14% increase in a single generation.
We must overcome two major challenges in order for our heirs to to benefit from their extra longevity.
In today’s employment climate, employee retention is crucial to a business’s success. In many industries, there are more jobs available than there are people to fill them, so when someone leaves a company, it often takes some time to find their replacement.
Think about the last time you were really stressed out or discontent. How did it make you feel? I know when I get that way, my palms get sweaty, my stomach goes in knots and I feel almost paralyzed. The last thing I’m thinking about is how productive I am at work or the next big thing that’s going to help change my company. So, I can give you statistics about how happier employees or less stressed out employees are going to make your company more profitable. But you probably already know that.
It has never been more important for businesses to make the right technology investment decisions. Businesses currently spend an estimated 2 to 5% of their revenue on technology purchases. Studies show there is a strong correlation between profitable growth and well-aligned technology especially when the investments are focused on differentiating the business in the marketplace. Unfortunately, technology spending can sometimes be derailed by competing agendas, poor communications, and long wish lists. How can these important business investments move beyond the technical necessities needed to just “keep the lights on” and tackle improvements that solve the bigger problems businesses face today?
How many of you believe if you could increase your income it would solve a lot of problems? My name is Joe Connors. I’m a middle-aged business banker and over the course of my career I’ve seen a number of business financials and personal financials. What I’m going to tell you is that focusing solely on income is a trap. I call it the Income Trap. I’m also going to tell you the same trap that applies to individuals also applies to businesses, no matter their size. And what I’m also going to do is show you a few examples of how focusing solely on your income could put your business at risk.
