Tuesday, 9 February 2010

Why you should focus on the eight fundamental markets (Part 3 of 3)

[5] Communication and transportation: ubiquitous internet access will continue to affect how we work, drive, and communicate. In the next years, the capabilities of mobile phones should equal those of laptop computers, improving our overall productivity and quality of life.

[6] Culture and entertainment: better digital audio and video technology will continue to increase the world's cultural output. The 21st century will multiply our choice of films, songs, books, and podcasts. What we have seen during the last decade is just the beginning.

[7] Financial services: the gap between professional and personal money management will continue to close. The quality and speed of financial information should increase further in the next decades. Improved trading platforms on the internet will open additional markets to private investors, leading to more transparency and reduced risk.

[8] Legal services: pre-paid legal plans, which have become successful in some countries, will continue to expand in the next decades. Conflict-resolution services should also experience growth in the 21st century as more companies discover the effectiveness of arbitration in settling commercial disputes.

Irrespective of your business or profession, those markets will determine your future. Human needs revolve around those eight domains, which can be improved and enhanced, but not ignored. If you choose the narrow path of a difficult profession or career, make sure that it leads to one of those eight crowded places.

[Text: http://johnvespasian.blogspot.com]

[Image by Ross2085 under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]

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