Start thinking of the early 2020s

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It is not too early to think about the coming decade. We already know that this will start with a fierce battle for the Whitehouse in the United States, the Tokyo Olympics and the UK leaving the European Union. We expect the world's population to reach 8 billion people by the mid-2020s and we will try to send someone back to the moon or even to Mars.

All this is just part of the story, there are four major disruptive trends that any entrepreneur should consider:

1. The greatest transfer of wealth.

The baby boomers (born in 1946-1964) will enter the force of their 70s. After age 70, people tend to stop earning new income and selling their assets to retire. This means selling pension funds, selling large houses or rental properties and selling collectibles such as art / wine / watches, etc.

Boomers currently own more than 65% of all assets in the western world and will transfer this wealth to younger generations or spend it for themselves in the 2020s.

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2. Millennia are becoming adults.

At the same time, the Millennials (born between 1981 and 1999) will move in their thirties and forties. This huge generation will earn more, buy houses, get married, have and raise children.

The millennial generation has been described as selfish snowflakes, unable to advance financially because of their penchant for avocado on toast and exotic coffee. Honestly though, that's not selfish and irresponsible in your twenties. The 2020s will see Millenials grow, earn more and start becoming an economic engine.

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3. Technology will de-professionalize and globalize work.

Technology removes barriers to globalization, making it easier for people to find and pay for things around the world. This means that incomes are changing – from the local average to the average global average. In real terms, an accountant in Bristol is potentially competing with an accountant in Bangalore who earns half the salary and can provide the same result.

Add to that the wave of automation and artificial intelligence solutions emerging in the 2020s. The big trend will be deprofessionalisation – relatively unqualified people working with AI systems can do the job High level experts (for example: nurses will be able to diagnose cancer cells in the absence of an oncologist).

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4. Governments will struggle to stay solvent

The aging of the population is a huge problem for any tax collector: taxpayers pay very little tax after 70 years and need more health care. The problem is further aggravated by globalization. Most companies are becoming "citizens of the world" with employees and customers around the world. However, governments are, by definition, geographically limited.

At a time when governments around the world would probably have had to work together to solve the problems of global business taxation, many have decided to double their national borders. This could have a catastrophic impact on tax revenues.

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Forbes | Four major trends to predict in the 2020s

Lay your foundations now.

Entrepreneurs can either ride these big waves or be dumped by them. One of the most powerful strategies that everyone can focus on is creating a strong personal brand within a niche.

Trends and technology being supported overwhelmingly support all those who have built themselves into a must-have brand. In times of change and uncertainty, people flock to known, valued and trustworthy people. They want to know that the technology and the team are supervised by a trusted person.

Instagram celebrities, YouTube stars and podcasting animators, many of whom have been laughed at or ignored until now, will build commercial empires in the 2020s.

All the technology being created is perfect for people who position themselves as influencers in their sector to reach and sell to a wider audience. With over a billion more people having access to the fast Internet in the 2020s, people who powerfully introduce themselves and who have products to sell online will have an expanding market.

I think that 2019 is a pivotal time to lay a solid foundation as we rapidly approach the "roaring twenties".

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It is not too early to think about the coming decade. We already know that this will start with a fierce battle for the Whitehouse in the United States, the Tokyo Olympics and the UK leaving the European Union. We expect the world's population to reach 8 billion people by the mid-2020s and we will try to send someone back to the moon or even to Mars.
All this is just part of the story, there are four major disruptive trends that any entrepreneur should consider:
1. The greatest transfer of wealth.
The baby boomers (born in 1946-1964) will enter the force of their 70s. After age 70, people tend to stop earning new income and selling their assets to retire. This means selling pension funds, selling large houses or rental properties and selling collectibles such as art / wine / watches, etc.

Boomers currently own more than 65% of all assets in the western world and will transfer this wealth to younger generations or spend it for themselves in the 2020s.

2. Millennia are becoming adults.
At the same time, the Millennials (born between 1981 and 1999) will move in their thirties and forties. This huge generation will earn more, buy houses, get married, have and raise children.

The millennial generation has been described as selfish snowflakes, unable to advance financially because of their penchant for avocado on toast and exotic coffee. Honestly though, that's not selfish and irresponsible in your twenties. The 2020s will see Millenials grow, earn more and start becoming an economic engine.

3. Technology will de-professionalize and globalize work.
Technology removes barriers to globalization, making it easier for people to find and pay for things around the world. This means that incomes are changing – from the local average to the world average. In real terms, an accountant in Bristol is potentially competing with an accountant in Bangalore who earns half the salary and can provide the same result.
Add to that the wave of automation and artificial intelligence solutions emerging in the 2020s. The big trend will be deprofessionalisation – relatively unqualified people working with AI systems can do the job High level experts (for example: nurses will be able to diagnose cancer cells in the absence of an oncologist).

4. Governments will struggle to stay solvent
The aging of the population is a huge problem for any tax collector: taxpayers pay very little tax after 70 years and need more health care. The problem is further aggravated by globalization. Most companies are becoming "citizens of the world" with employees and customers around the world. However, governments are, by definition, geographically limited.
At a time when governments around the world would probably have had to work together to solve the problems of global business taxation, many have decided to double their national borders. This could have a catastrophic impact on tax revenues.

Forbes | Four major trends to predict in the 2020s
Lay your foundations now.
Entrepreneurs can either ride these big waves or be dumped by them. One of the most powerful strategies that everyone can focus on is creating a strong personal brand within a niche.
Trends and technology being supported overwhelmingly support all those who have built themselves into a must-have brand. In times of change and uncertainty, people flock to known, valued and trustworthy people. They want to know that the technology and the team are supervised by a trusted person.
Instagram celebrities, YouTube stars and podcasting animators, many of whom have been laughed at or ignored until now, will build commercial empires in the 2020s.
All the technology being created is perfect for people who position themselves as influencers in their sector to reach and sell to a wider audience. With over a billion more people having access to the fast Internet in the 2020s, people who powerfully introduce themselves and who have products to sell online will have an expanding market.
I think that 2019 is a pivotal time to lay a solid foundation as we rapidly approach the "roaring twenties".