The Growth Leader – Volume 3
We hope you’re Planning, Growing & Succeeding!
Our quote gives a hint as to what our theme is all about this month. Yes, you guessed it – Artificial Intelligence, or as we are starting to more commonly know it, AI.
We kick things off with a piece that will get you thinking on the 3 Shifts that will transform the Future of Business – whether you pour slabs for a living, make sandwiches, or put spaceships into orbit, AI is here to stay. If you don’t start incorporating the latest in technology, particularly AI into your business in some way, shape or form, you may be left behind.
Next, we look at the various AI ChatBots available in articles that ‘road tests’ 3 of the most widely used of those available, and finally, to help lighten the mood, we look at how to be happier in business and life from the seminal Charlie Munger of Berkshire Hathaway.
So, without further ado, let’s hop right into it…
3 Shifts that will transform the Future of Business
The AI-powered revolution has begun. Customers are changing, generational priorities are shifting, and industries are being reshaped by the collision of machine learning and data-driven business models. In this new world, only organizations willing to adapt, experiment and embrace learning at scale will succeed.
Mike Walsh is the CEO of Tomorrow, a global consultancy on designing companies for the 21st century. He advises leaders on how to thrive in the current era of disruptive technological change. His clients include many of the global Fortune 500, and as a sought-after keynote speaker he regularly shares the stage with world leaders and business icons alike.
In this 8-minute video, we’ll hear from him on the 3 Big Shifts he sees affecting business in the next 5 – 10 years.
ChatGPT vs. Copilot vs. Gemini
Firstly, our apologies to those who are not familiar with AI chatbots. If you don’t know what ChatGPT, Copilot or Gemini (formerly Bard) are, please click on each of the links to find out more.
AI has transformed how we work and play in the past 18 months, allowing almost anyone to write code, create art, and even make investments.
For professional and hobbyist users, generative AI tools, such as ChatGPT, offer advanced capabilities to produce decent-quality content from a simple user prompt.
With new updates coming out every few months, how do you determine which one is the best?
We came across a fascinating article below (link in picture) that lines up the 3 x most popular AI chatbots, and in true ‘road test’ style (think of this article as ‘Top Gear’ for AI chatbots!) the author attempts to work out which is the best, and when to use each one …
More importantly, if you’re not using a Chat Bot in your day-to-day business operations in some way, shape or form, you are missing opportunities, so we hope this article gives you the confidence to give them all a go, and hopefully start using one regularly.
7 Rules for a Happy Life from Berkshire’s Charlie Munger
We came across this interesting article by Morningstar early this month that explores timeless wisdom from the late Charlie Munger, Warren Buffett’s long-time business partner at Berkshire Hathaway and a legendary figure in investing.
While Munger is widely celebrated for his financial acumen, his insights on living a fulfilling and happy life are equally profound. After facing significant personal hardships, Munger rebuilt his life, emphasising the importance of managing expectations, avoiding envy, and staying cheerful in adversity. His practical advice on cultivating happiness resonates beyond the world of finance, offering guidance on how to navigate life’s challenges with grace and resilience.
Munger’s seven rules for a happy life are not just personal philosophies—they have a direct relevance to investing. He suggests that those who find the daily volatility of the market overwhelming should consider leaving asset management to professionals and focus on pursuits that bring joy and satisfaction. By following these principles, you can not only improve your well-being but also make more thoughtful, less emotionally driven investment decisions.
Please enjoy his find the article here, and let us know what you think.
Board of Advice Program
In the dynamic world of small-to-medium businesses, navigating the path to success can be challenging. Our Board of Advice Program can be a transformative step. It brings a wealth of benefits, from expert guidance and objective insights to risk management and long-term strategic planning.
As the business landscape continues to evolve, having a dedicated team of advisors can be your key to navigating these changes successfully and setting your business on a path to sustained growth and success. Limited resources, fierce competition, and rapid market changes make it crucial for SMB’s to seek strategic guidance. This is where our Board of Advice Program steps in as a game changer.
If you are ready to consider incorporating a Board of Advice Program, we invite you to book a discovery session with us here:
Until next time, keep Planning, Growing & Succeeding!