A.I. Will Be Here For The Rest of Our Lives

Update: 2024-10-14

Digest

Gary argues that technology is essential for businesses in 2023, comparing it to the shift from horses to cars. He emphasizes that businesses are losing money and time by not embracing technology and that competitors who do will take their market share. He identifies the main barriers to technology adoption as complacency, laziness, and a fear of learning new things. He emphasizes that businesses are capable of learning new technologies and that the benefits outweigh the perceived difficulties. Gary discusses the importance of technology for businesses, particularly for those preparing for retirement. He argues that businesses without a tech infrastructure are less valuable and that investing in technology can lead to significant returns. He highlights the need for businesses to embrace technology to improve efficiency, profitability, and cash flow. He cites a survey that shows a significant portion of accounting professionals are absorbing time costs and scope creep, indicating a need for change. Gary emphasizes the need for businesses to adapt to the changing landscape and embrace technology. He compares the situation to the evolution of transportation, highlighting that those who resist change will be left behind. He stresses the importance of content creation on social media platforms like LinkedIn and TikTok. He argues that businesses need to be present on these platforms to attract new customers, particularly from younger generations. Gary emphasizes the importance of a mindset shift for businesses to embrace technology. He argues that comfort and complacency are major obstacles and that businesses need to be proactive in adopting new technologies. He compares technology to a big wave for surfers, arguing that businesses can either ride the wave and benefit from it or be swept away by it. He emphasizes the need for businesses to stay ahead of the curve and adapt to new technologies. Gary discusses the challenges of attracting Gen Z clients, who are more cynical towards their parents' generation and less likely to use their parents' accountants. He suggests that businesses need to be relevant to Gen Z and create content on platforms like TikTok. Gary emphasizes the importance of human skills, even in a technology-driven world. He argues that technology should be used to scale human skills and that businesses should focus on building strong relationships with clients. He suggests YouTube Shorts as a secret weapon for businesses to reach a wider audience. He also emphasizes the importance of LinkedIn and content creation on social media platforms. Gary discusses the importance of asking for money and not being afraid to lose clients. He argues that businesses should be confident in their value and that they are entitled to raise prices. Gary argues that businesses should not be afraid to fire lowball clients and that they are in control of their own businesses. He emphasizes the importance of accountability and taking responsibility for one's own actions. Gary discusses the importance of finding clients who value and respect the work that businesses do. He argues that businesses should not be afraid to turn down clients who are not a good fit. Gary emphasizes the importance of mindset and not blaming customers for their behavior. He argues that businesses should focus on their own actions and not be afraid to say no to clients. Gary emphasizes the importance of self-awareness and taking responsibility for one's own decisions. He argues that businesses should not be afraid to negotiate and that they are in control of their own businesses. Gary concludes by emphasizing the importance of self-love and accountability. He encourages businesses to take control of their own destinies and not blame external factors for their failures.

Outlines