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The Passion Economy and the Future of Work
Everyone Can Be An Entrepreneur
The Passion Economy encourages everyone to become an entrepreneur.
With enough scalability options, individuals can help other individuals using these platforms.
There is little or no initial investment required, and if the business grows, they earn revenue along with their customers.
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Key Ideas
Inspiration for a business idea
It can come from anything: a unique personal experience, witnessing a problem and seeing the possibility for a better solution, even walking down the street.
Everyone harbors inner c...
Nurture your creativity
- Write your ideas down. Document ideas as they form so they become less siloed, and consequently, you can see connections between those ideas and other pieces of outside information.
- Turn to the people around you. By using your community to reiterate and refine your creative ideas, it can make those ideas (and your content) even better.
Find your niche
- What differentiates your ideas and content from others in the space? The more specific the content, the more opportunity to build the business.
- How can you find your niche? Use platforms like Twitter, Instagram and Reddit: Engage with shared content enthusiasts and discover subcommunities through hashtags, explore pages, liked posts and more. By leveraging these enthusiast groups, you can identify what direction to take your ideas to create the most value for the right people.
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Key Ideas
The model of future work
By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scar...
Employers should lead the way
The pace and scale that technology disrupts is a social, political and business challenge.
Employers are best placed to make a positive societal impact, for example, by upgrading the abilities of their employees and equipping them with new skills. Employers will also reap the greatest benefit if they can successfully transform the workforce in this way.
Talent is the largest barrier
Talent is the largest barrier to the successful implementation of new strategies.
Many leading businesses realize that it is quicker and more financially prudent to look internally and develop the talent they already have. Yet only a third of global executives report that their organizations have launched any new reskilling programs.