The world is already changing faster than we care to believe. While we may not know exactly what the future holds we can make some plans with certainty. As this change is now increasing at an exponential rate, the change in our thinking should match this. These days it seems like we have to run – just to stand still.

Your plan may simply be a Second Income, a short-term Business Plan or a full 5-year Strategic Plan.

James Altucher spoke to  Chip Conley Airbnb head of Hospitality, who hit the nail on the head when he said, “Nobody is sharing. It’s not the sharing economy, it’s the Access economy.”

Everyone wants it now, for less.

Especially the Digital generation who often have a better relationship with their electronic device than with real people.

This is also set out in the Simon Sinek interview you can watch here.

Access to information has grown at an exponential pace.

We can barely work out what to look at first on our device. We take this multi-tasking to extremes sometimes and can’t even get through a whole music video. What did he say? What did she say? What dress colour? OMG! LOL! 😉

Access to everything is heightened. We have to run… or risk going backwards.

BUT, when it’s faster, cheaper and more prolific – it’s value drops.

We are increasingly faced with exponential changes in economic uncertainty, even as we see the stock market rising to record highs, and the value of property in many major cities reaching unaffordable levels, while on the other hand – seeing pockets of rising job redundancy, poverty and social stress.

The world is wrestling with deflationary forces and loss of jobs –  shifting demographics, cheap labour, excess productive capacity, and increasing automation – all mounting on top of one another to leave a camel with too many straws on its back…

What the final straw will be is anyone’s guess, but there is going to be a final straw, and there is going to be a major correction. It’s not a question. It’s a statement. It’s just how it works… it always has…it’s a natural and healthy cycle.

Just because we don’t know what that final straw will be, or which snowflake finally causes the avalanche, doesn’t mean we should ignore the dangers, or stop looking out for a possible avalanche while climbing to the pinnacle of our aspirations.

The time we have, to make a PLAN is already short!

Let’s look at these FUTURE TRENDS by looking first at some history…

In 1998 Kodak was a global company with 170,000 employees and a market share of 85% of all the photographic paper sold in the world.

Within a few short years their business model was redundant, they went bankrupt and the whole entity disappeared.

Traditional retailers are facing similar headwinds with changing business models, and today’s retail giants (particularly  in the US) are due for a shakeout.

Amazon re-invented the way we shop online and in the last decade has grown almost twenty-fold from a $17.5B company to $356B. Compare this to some “old school giant” retailers like Sears that has lost 96% of its value, dropping from $28B to $1B (and barely showing on the chart below).

Value of Giant US retailers

The coming retailer crisis is likely to cause a major re-set in the shopping malls across the U.S. The loss of anchor chains like Macy’s and J.C. Penney is going to seriously impact the viability of these malls and cause problems in the commercial mortgage-backed securities markets.

The U.S. has about twice as much retail space per person as Australia, and Australia has about twice as much as the U.K. Last month Macy’s announced the closure of 15% of its stores, closing 100 sites is as many as the total they closed over the past six years. (Wall St liked this news, sending shares 17% higher in a single day!). J.C. Penney plans to close about 130 stores and Sears wants to close 150 stores.

The point is this: change is going to be significant and rapid.

It is likely to cascade through vulnerable sectors that have become over-stretched.

As I will point out below, the disruption will cascade to fuel and energy sectors. Then probably into other real estate and financial markets.

In business and personal life, change is ever-present. It’s a constant.

If you don’t anticipate it, embrace it, and adapt to it you will fall behind.

Plan for it! Stay ahead of those that don’t act!

Believe it or not, significant opportunities are present in times of chaos, if you are well prepared.

5P’s folks…


Making plans and staying ahead of others is part of our DNA, it’s called survival of the fittest. You don’t have to out-run the lion, you just have to out-run the slowest antelope in the herd. It is how we evolved through the ages.

We just need to understand what Age we are in now, and maybe instead of getting a personal coach to run faster, get a Business Coach to become financially fitter…


Since the “Stone Age”, we have progressed through various revolutions, including the “Agricultural Revolution”, “Bronze Age” and through to the “Renaissance”, then the “Industrial Revolution”, and the “Space Age” until our “Digital Age” that has now become the “Exponential Age”.

Just like the way Amazon has grown, companies that did not even exist a few years ago, have grown exponentially and are now the biggest in the world.

Uber does not even own cars, but is the biggest taxi business in the world.

Airbnb, does not own properties, but is the biggest hotel business in the world.

Facebook is an advertising company that simply taps into our desire to interact with other humans but it is as valuable as Amazon and bigger than Exxon Mobil which has “real assets”.

Artificial Intelligence (AI), Robotics, Nanotech and Virtual Reality

It is important to recognize that there are more scientists, inventors and entrepreneurs alive today than have ever lived in total human history. We are building on the knowledge base at a geometric rate and that includes the amount of intelligence we are building into machines, and the platforms that allow us to enter new fields of discovery.

Knowledge and the application of that knowledge is accelerating exponentially.

  • Machines are beating humans in Chess matches, and a computer beat the best Go-player 10 years earlier than forecast.
  • Machines can recognize human faces and emotions better than people, and can even tell when we are lying.
  • Make a jigsaw puzzle of a face, scatter the pieces in a stadium full of 50,000 other faces and a computer can still put the face together.
  • Legal advice is faster and more accurate when delivered by computers. We won’t need many new lawyers
  • We won’t need tellers and cashiers. Walk into a store, your phone pings, load a basket and exit, your phone pings, check-out done. Next comes restaurants, movies, flights… it all goes cashless. That’s another topic!
  • Some cancer diagnosis is at least 4 times more accurate when done by a computer.
  • Self-driving cars will reduce accident rates from 1 per 100,000km to 1 per 10,000,000km saving a million lives each year.
  • Most car companies will disappear like Kodak, while tech companies like Apple and Google will build computers on wheels to ferry us about.
  • The business model of car insurance companies will also go “Kodak” but that also means that even those of us that might want to drive a car will find the insurance costs will squeeze us out of that desire.
  • On the brighter side, our commute will probably be more productive, more enjoyable and less smoggy as cars go cleaner, and the vast parking lots we now use would be redundant and could be turned into beautiful parks…
  • Real Estate will change too, because you will work remotely or while you commute, and can live where you choose to, further away from city centers.
  • There will be huge disruptions in the energy space. Energy will become more important, but fossil fuels less so.
  • With cheaper energy will come more flexibility on where we live, as water desalination will allow fresh drinking water to be produced nearly anywhere. New frontiers on earth will appear, and so will frontiers in space.
  • Health will improve with AI testing of a range of bio markers on a daily basis when we simply visit the toilet or look into or speak into our phone.
  • We are already 3-D printing spare parts when we need them; on the space-station and at remote airports. Soon we will print heart-valves and office buildings, then your perfect fitting shoe by scanning your foot using your phone.
  • Bio-tech, Robotics, Nanotech, Quantum computing and Virtual Reality are likely to blur into extended lifespans, wearable devices and even brain implants one day…


So where does all of this leave us and how can we prepare?

Rule number one:

Don’t rely on a single income source.

Learn to develop multiple income streams.

Don’t rely on the corporate world to provide jobs beyond the next decade. Plan now.

These changes are happening already. Look:

Computer algorithm trading on stock markets already exceeds human trading.

And this from Zero Hedge on how the average worker is affected by technology:

Oxford University researchers estimate that 47% of US jobs will be automated within 20 years. This will be achieved by machines that learn algorithms and will impact Lawyers, Accountants, Bookkeepers and Middle-management white collar workers the most. Anyone in auditing and inventory control will probably already know that machines can be faster and more accurate. Expect a Big Four accounting firm shakeout anytime soon.

The next group to look out for AI are commodity sales people who deal in specifications, price and sourcing or linking buyers with sellers. Machines will cover all the processes of proposal, quotation, order and fulfillment, and they will be able to do it at a fraction of the time and cost of a human.

Report writing, analysis and even authors and announcers will be out of job too as machines can be taught to read data and match patterns in images or data.

Doctors are still in short supply, so having machines to assist with accurate diagnosis of a whole bunch of life-threatening issues across the globe is going to make a big difference to the human lifespan.

Read more from Shelly Palmer who provides an interesting article here with this quote:

 “There is an 83% chance that workers who earn $20 an hour or less could have their jobs replaced by robots in the next five years. Those in the $40 an hour pay range face a 31% chance of having their jobs taken over by the machines.”

Now all we need is to make sure our futures are productive and meaningful.

We can think about how we’ll develop strategies to take man-machine partnerships further than our competitors. Opportunities will arise for jobs that we have not invented yet.

Even giant sectors of the economy, that are hugely important to Australia such as mining, are going to have revolutionary technological changes forced upon them with the use of drones, wearable devices and remotely controlled operations.

BHP is already using an online freight platform for a competitive bidding system in some of its mining ore shipping, and this eliminates the need for shipping brokers. This same report expects that upgrading to cloud-based platforms can deliver total cost of ownership savings of 20%-40% over current ERP systems. The same report also cites the quote below:

74% of global business executives surveyed by Forrester state that they have a digital strategy, but only 15% believe they have the necessary capabilities and skills to execute that strategy.

We need to identify the roles that are necessary for businesses to execute their strategy, and the ideas that will be used in the transformation.

These are the new currency in the Exponential Age.

As James Altucher shows, there has been a reduction in real basic wages over the past decade, and 94% of newly created jobs have been part-time or freelance.

There are a few major trends he identifies that I can relate to.

I have shown above how the trends of the future are going to alter the way we think about jobs. These are also going to alter the price we will pay for things. Automation makes things cheaper, fewer jobs mean people may be prepared to work for less. Costs are going down. As these general prices fall, people will wait a bit longer to buy – since things are getting cheaper over time. This is Deflation.

Deflation is the ultimate enemy of governments, as it would make all their debt more expensive to pay back in the future. Governments will fight this with everything they have, and with loads of money created out of thin air. Even Warren Buffet thinks deflation is the worst thing that can happen to an economy. Central banks will fight deflation and may have some success for a while, and this will confuse people who can’t work out whether inflation or deflation is going to win.

The ideas that will be valuable will be those that help the most people. Position yourself to take advantage of these trends and the opportunities that will arise.

Be prepared to add to your revenue streams so that you sleep better in a world of lower incomes and fewer jobs.

This major trend of Employee-free jobs is born out of falling openings in the corporate world and a rise in solo and entrepreneurial skills/ideas/adaptability. Ask any Millennial or Gen-Y what they think of the prospect of 30 years in a corporate cubicle…


If you are going to make a success of your PLAN B, then find out what you truly love doing.

Live your life with purpose.

Position yourself to be the best you can be.

You will leap out of bed in the morning excited for what you can achieve that day.

Ignore your well-being at your own peril. You can improve every aspect of your life, relationships, freedom and success by taking small steps towards the PLAN B that you know will set you free.

I have a number of resources listed on these pages that I personally used to do what I truly love. Try them.

As the Digital generations grapple with Access, Multi-tasking and Inter-connectivity, I believe that humans will come back in a full circle to understand that we are not going to build relationships by checking out a photo of what someone had for breakfast, or seeing a pic of your BFs new outfit for a few seconds.

The value of Community and Personal Relationships, will become more apparent as we get together to overcome challenges.

In Business relationships we’ll soon work out that in the race to “Zero”, we simply cannot always be the cheapest.

We’ll start to gravitate towards loyalty and service in ways that are far more meaningful and reciprocal than we have so far considered.

Building Networks will become immensely important. The shift towards “looking after our own” has already begun with Make America Great, Brexit and a host of other examples that show people gravitate towards folk they know and trust as things get tough.

I have chosen to join local groups and other communities that value assisting other business owners as it leads to a win : win for everyone. It’s the only way to build businesses in your PLAN B!

For Individuals, the best way for you to build your own alternative income streams and set up your own personal websites (for Free), is here – it is also without doubt the best community, support and training that I have found.

And to gain even more insight into understanding your personal profile and the way to communicate (and how you prefer to interact) with others take this Free profile tool by clicking here.