5 emerging trends that will launch and launch unicorns in 2024

There are few common rules in entrepreneurship, as each entrepreneur stands in a new vein. But one thing in common is that almost all billion-dollar entrepreneurs started with a new wave, a new trend, and implemented smart strategies that helped them dominate the trend and build unicorns. . This includes multi-billion dollar entrepreneurs from Sam Walton (Big Box Trends) to Brian Chesky (Internet 3.0).

Here are five trends for 2023-2024 that will impact entrepreneurs and help them build wealth.

#1. Artificial Intelligence (AI).

It’s clear that AI is the hottest trend of 2023. But how and where does a financially savvy entrepreneur benefit from AI? AI has been around since his 1956, but last year’s popularization of his ChatGPT has moved it from the emerging stage. has entered the growth stage. Unlike PCs and the Internet, AI product development is capital-intensive and data-intensive, so companies will be deeply involved in AI product development, making the strong even stronger. However, the field is wide open for entrepreneurs in implementing AI products. Implications for entrepreneurs:

· New ventures in AI product development are more likely to receive VC funding, similar to those in the medical and biological industries. And once the product is developed and proven, it can be sold to large companies. But AI will be wide open for financially savvy entrepreneurs who use AI to help their customers gain a competitive edge by developing the right platforms.

#2. Sustainability.

Skepticism about Wall Street’s foray into environmental, social, and governance (ESG) investing may be justified given definition and measurement issues and a focus on economic returns rather than actual climate change. But disasters such as fires and floods in 2023 may be converting some skeptics. If not, the premiums may convince you. Implications for entrepreneurs:

· Musk showed how entrepreneurs can benefit from ESG. Find a solution that provides real solutions.

#3. Supply chain.

Supply chains appear to have changed due to the pandemic and China’s belligerence. Apple is heeding the call, too. Implications for entrepreneurs:

· Move quickly to countries around the world that can benefit from this trend, including India, Vietnam, Mexico, Africa, and Latin America.

#4. Remote work.

Employees want the freedom of working from home due to the pandemic. Employers want control of their offices. Wise employers will hold tight and let go of those who desire independence. It’s the same reason why many companies don’t like to hire entrepreneurs who are too used to being independent. Implications for entrepreneurs:

· Develop remote work productivity and employer monitoring opportunities.

· Remote workers will find themselves competing with global employees who are willing to work for world-class wages.

#5. Financial turmoil.

There are too many short-term stocks, but one important long-term stock that did not explode in 2023 was the dollar. Considering the problems of the US budget deficit and trade deficit, the strength of the dollar is a continuing miracle, apart from the fact that there is no suitable alternative currency. But many people are trying to replace the dollar, and they won’t stop trying. Implications for entrepreneurs:

· Timing cannot be predicted accurately. America’s enemies are doing their best to make that happen, so be sure to have a Plan B in case the dollar soars. By the way, the same goes for American politicians.

My take: Predictions about the future are dangerous. But those who are ready will benefit. There are many issues that could explode in 2024. Let’s hope it’s a good explosion. Happy new year.

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