World Demographic Trend
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Transcript of World Demographic Trend
Alan L. Olsen, CPA, MBA (Tax)
Managing Partner
The GROCO Method for TransformingFrom Employee to Entrepreneur
January 9, 2009Alliance of CEO’s
Spiritual Foundation
The Need for Balance:A Personal Example
Marriage & Family
Career Goals
#2 #3#1
You can only leverage three things in business: Time MoneyTechnology
The more you leverage, the quicker you build (or lose) wealth
Remember: “It’s not about MAKING the money, it’s about KEEPING it.”
The Law of Leverage
Recent Trends in the Economy
Deleveraging of the financial marketsLess money to put to work
Baby Boomers and the declining populationLess people to fill vital positions
Technology as the NEW leverageKey to scalability and growth
Deleveraging
Government BailoutsFreddie and Fannie, AIGRecent bailout plans/packages
Credit Crunch and declining housing marketLess credit flowing through the
economyI-Banking shift to commercial
Goldman Sachs, Morgan Stanley, Merrill Lynch
Declining Demographics
By 2050, 60% of Europe’s workforce will be over 60Many key industries to suffer: health care,
manufacturing, energy, and the public sector. E.g.:Only 198,000 students to fill the retirement of 2
million Baby Boomer engineers300,000 out of 1.3 million new IT jobs will go
unfilled“60% of all new jobs will require skills held by on
20% of the current workforce.” Source: Deloitte
Declining Demographics, cont’d
Clean TechnologySolar EnergyWind Energy
Semantic Technology and Web 2.0, 3.0“Star-Trek”-like, interactive web-use
Genetic EngineeringRe-engineering our world
Recent Trends in Venture Capital
Stay Focused (Pareto Principle) It takes more than one person to grow a business Relationships are the key factor Be prepared to fail Developing trusts in relationships Define your market Define your expertise Character communicates potential Do you have the ability to inspire others? Are you operating on a rock-solid foundation?
Transformation from Employee to Entrepreneur:10 Truths
Future Possibilities
ABUNDANT CHEAP WATER
STAR TREK HEALTH DEVICES
BUILDINGS THAT
CONSUME LESS
5X IMPROVED BATTERIES
E-EDUCATION FOR THE MASSES
ALL COMPUTING FROM THE
CLOUD
3-D ON DEMAND
ENTERTAINMENT
STORABLE INSTANT FRESH MEALS
GENETIC DISEASE
PREDICTION
CURE FOR CANCER, AIDS
& MALARIA
5¢/KWH ELECTRICITY –
W/O FOSSIL FUEL
100+MBPS TO THE HOME
NEW LIFE FORMS
CURE FOR HEART
DISEASE
PILOTLESS ELECTRIC
CARS
When the bubble burst in 2001, the last recession began…
Some Venture Capitalists Kept the Faith…Fueling More Global Innovation
Best Time to Invest in Venture Capitalists…Never!
Valuations will never be this low again.Entrepreneurs can get amazing people for cheap.Less competition for new technologies.Governments need us now more than ever.
5-7 years from now:
Large companies who have cut R&D will be looking for products and services to sellLiquidity pendulum will have swung backNew boom, led by Cleantech, Web 2.0, and other emerging technologies
Great companies solve big problems, or create great opportunities
CompanyReva, TeslaEnernoc, Solar CityAthenaHealth, Skype, Hotmail, MeeboGraspr,Skygrid, YeePay, MchkWigixMginger, ContextWeb
SolvingTransportation ProblemEnergy ProblemMedical ProblemMedia Control ProblemEducation ProblemFinancial ProblemEbay ProblemSpam Problem