business strategy | January 02, 2013

Three Business Speakers Share The Trends They'll Be 'Biting On' In 2013

To kick off 2013, Robert Herjavec, Daymond John, and Kevin O'Leary—three big-draw business speakers and hosts of ABC's Shark Tank—shared their predictions for the trends to watch this year. Despite never seeming to agree on the hit TV show, the three business moguls all shared the view that the biggest assets to a company are the people who run the team. In a recent Fast Company article, they each shared their insights on how the people involved in the business—whether it be the employees, the management team, or the customers—are going to become more important than ever in a uncertain economic climate.

"This is a opportune time to stick to the fundamentals of business," FUBU founder Daymond John advises, "Pay special personal attention to your staff, supporters, and customers. Remember: ‘The only thing more important in business than the numbers are the people.'" He explains that in times of economic fluctuation, it is important to return to business basics. By connecting with the people who keep your business going, he says that you can separate yourself from the competition. Author of the books Display of Power and The Brand Within, John is a sought after voice on branding, business strategy, and personal motivation.

While John's co-host Kevin O'Leary admits that success in business is, "more than half dependent on product and market," he agrees that putting work into creating a good staff is crucial. "Lots of great leaders blew their companies' bottom line in 2012," he says in the article. "At the end of the day, while nobody has a monopoly on good ideas, I predict that the restructuring of companies' leadership will make the difference in big upsides in 2013." While the new year brings new opportunities in terms of products, you can't beat out your competition without an effective leader running the show. Robert Herjavec—who also shares his business insights on the Canadian investment show Dragons' Den alongside O'Leary—agrees that competent leadership is a key part of success. "'Tough times never last," he tells Fast Company, "tough people always do.'" The way to win against your competition, the three business speakers explain, is to hire people who have big ideas and then hone their skills. By focusing on the people part of the business, they say that the rest will fall into place.

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