Tip #48: What will your industry look like in 5 years?

Technology and the internet are essentially changing every business in some way or other. It can be challenging, but business owners must keep aware of what ‘s going on in their industry and where it is headed. Some businesses have a bright future, others need to make drastic changes. Business owners can search on the internet, go to trade shows and seminars, read books, articles, blogs, talk to others in the industry, In order to have future value for a buyer, business owners can’t ignore the coming reality. The business must be relevant and a buyer must be able to anticipate growth in the future.