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Sunday, May 12, 2024

Decade of chaos: capitalizing on opportunities when there are no playbooks

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Here we are in the year 2023 nothing much has changed since 2020, it has gotten better for some and a bit difficult for most. We are seeing that a lot of companies have been laying off employees and employees are even quitting their jobs.

I am still sticking to my main premise which I have written about a year ago which states that a lot of challenges and opportunities will come this decade.

We are seeing how the current war in Ukraine is reshaping the world geopolitically. The United States of America is quickly losing its hegemonic status to China and at the same time, de-dollarization is taking place as countries are slowly trading in local currencies instead of the US dollar.

The world in 2050 will owe a lot to this very period and a little beyond.

Technology is continuing to change the way how we work and view the world. We can throw all the buzzwords into the mix such as Artificial Intelligence (AI), Internet of Things, Biotechnology, and others. AI currently is the king of the hill, ChatGPT at the moment is allowing us to rethink the way how the mind works. The implications of such technologies haven’t even been realized and internalized as a whole by the mass population as yet.

Central Banking Digital Currencies (CBDC) are now becoming mainstream and banks are becoming more receptive to digital currencies. Regardless of what the bitcoin maximalists might think about such moves, overall, it’s still a major one and the adaptation of Bitcoin helped changed the ethos.

Despite these changes, it will come with its own set of challenges and there are no playbooks depending on the path that you are trying engulf on. For example, let’s say that you as an individual want to know how to capitalize on all these technologies and opportunities that are available. It’s going to be long and hard, there is no way around it.

None of it might work in the end too, that’s just the nature of the beast. Despite the drawbacks which are inevitable, it is still worth a shot. If you know deep down that you can achieve an objective it’s best to give it your very best.

As it relates to the playbook which is a collection of strategies and techniques you are going to need to be successful, you have to be flexible because things are changing so quickly that what might work this year might not work the next.

One of the major things is to have an open mind and always be researching on new and interesting things. A lot of people who got successful in tech weren’t even software engineers or knew anything about computers. They saw it in the media, researched about and dive right in. Lots of technologies are worth digging into these days if you are into that kind of stuff.

Another thing is, it’s not worth it to compare yourself to others, everyone has different backgrounds, networks, information, capital, etc. This is something that is hard to do for most of us at times, myself included. In the world of social media which most of us are a part of to certain degrees, it’s easy to see an individual getting to point X, and you are still at point B or E.

But if you dig deeper beyond that snapshot and map out exactly how that happened, you would’ve seen that some of the opportunities that were available for that person are different than yours. Additionally, I often look at it as success is not linear, you can get from B to point T in a year which is a big leap and brings you closer to point X within the next year.

You just have to stay the course and be disciplined along the way, it’s easy to get distracted and hard to get back on track because momentum is very important.

Hopefully, you find this post helpful. It was just a short observation.

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