This Business News Story Was Uncovered By Us From: https://blog.eonetwork.org/2023/01/eo-members-share-entrepreneurial-trends-for-the-new-year/
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We asked EO members to look ahead in 2023 and identify trends they see for entrepreneurs and entrepreneurship overall. We asked them to share the skills, mindset or tools that entrepreneurs would be wise to adopt to meet the moment. Here’s what they shared.
Video pitching
I see an uptick in pitching via pre-recorded video. We used Loom to pre-record our pitch and share it with potential investors. It’s a great way to personalize a pitch deck and share it with interested parties. I see this as a new trend that will only grow over time.
— Maureen Brown, EO Austin, co-founder and CEO, Mosie Baby
Cutting expenses in the wrong place
Economic pressures, supply chain delays and employee issues will cause leaders to look for places to cut costs. The big mistake is if they cut in the areas of customer service and customer experience, leaving them vulnerable to competition and eroding market share.
Unfortunately, if history repeats itself—and I predict it will—many companies and brands will make this mistake. Hopefully, your company isn’t one of them. One of the worst places to cut costs is anywhere the customer will notice.
— Shep Hyken, EO St. Louis, professional speaker and author, Hyken.com
A travel boom
Within the travel industry, we are seeing more purposeful travel—longer stays, with more meetings crammed into those days away. And with lockdowns now a thing of the past, we predict travel to also increase from 2022 levels which is a great sign for the industry and for business. We’ve missed face-to-face interaction for too long; building relationships is key to winning more business in 2023. Travel is going to be one of the biggest investments companies will make, and it will be well worth it.
— David Fastuca, EO Melbourne, CMO and co-founder, Locomote
Conscious entrepreneurship and adaptability
I’m hearing a lot about conscious entre… Read More
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