We know that new media businesses are growing at a much faster pace than their old media counterparts. I thought it would be interesting to see just how this is affecting these wealthy businessmen in the media industry. How much faster did these new media billionaires make their money?
Check out the comparison on the infographic below.
It’s fascinating to look at trends that are beginning today and think how they might play out in future.
Here are some dramatic predictions for 2030 that I see happening or at least beginning to happen, written from the perspective of my future self in that year.
75% of universities around the world have gone out of business
Why have most universities shut down? To start let me explain what school "was" like in the year 2013...
In 2013 a university tuition at Harvard was around $54,000 per year, and standard universities in the US cost over $20,000. Even back in 2013 many universities were putting entire courses online for free.
Organizations such as Coursera, the Khan academy and Udacity had already appeared, enabling the world’s best lecturers to give their lectures for free online.Read More
There is a huge debate right now about whether working from home can be effective.
On the one side of the debate: Marissa Mayer (CEO of Yahoo) recently told her workers that they are no longer allowed to work from home. Michael Bloomberg (mayor of NYC) has said that working from home is "one of the dumber ideas I’ve ever heard".
On the other side are companies like 37signals (of the project management software Basecamp), whose founders wrote a bestselling book called Remote about the remote working phenomenon. Richard Branson also talks in his blog about how "one day offices will be a thing of the past".
When starting a business, if there is one thing we can learn from successful CEOs — aside from having a killer product like the iPhone, or an incredible marketing that can convince people that it’s okay to spend $4 on a cup of coffee—is that recruitment may be the most important skill to have.
Most successful CEOs are great recruiters.
Take Starbuck’s Howard Schultz for instance, who now employs more than 150,000 employees, or “partners” as he calls them, to operate a massive chain of 20,366 stores all over the world. From a small roasting business in Seattle, Howard Schultz transformed Starbucks into the largest coffeehouse company in the world. He did it in less than a decade, and he did it with lots of help.
Here are some recruitment tips we've gathered from the world's best CEOs.
"Hiring people is an art, not a science, and resumes can't tell you whether someone will fit into a company's culture. When you realize you've made a mistake, you need to cut your losses and move on."
Chairman and CEO of Starbucks