The Future Belongs to Those Who Are Fast

In 2003, in a paper that introduced the term BRIC (Brazil, Russia, India and China) for the rising global players of the future, Jim O’Neill and his team at Goldman Sachs made some predictions about how quickly power and wealth would shift from West to East. They said that by 2008, China’s GDP could be as high as USD$2,8 trillion; the fact of the matter is that it ended up more than USD$4.3 trillion. Brazil did even better by becoming two and a half times greater than projected. The increase in speed and acceleration is lifting billions of people out of poverty.

In the words of Formula One racing driver champion Michael Schumacher;

‘To perfect things, speed is a unifying force. To imperfect things, speed is a destructive force’

Those people or institutions that are worst placed to respond to acceleration will suffer more from its side effects, while those willing and (crucially) able to, will win in the market. Things like faster devices, or biological enhancements are things that will allow them to think better and act faster.

America-Vietnamese serial-entrepreneur Bill Nguyen declared; ‘Google is dead’. What Nyugen means is that the web is moving away from an automated model pioneered by Google and towards the social approach favored by Facebook, where your experience of the internet is filtered by that of your friends.

Rapid change is happening all over at a very fast pace and this is causing disruption bringing down businesses like Blockbuster that for years had dominated the movie rental business. They were offered an opportunity to invest in Netflix and did not take it and now Netflix are dominating the movie business and growing, while Blockbuster is now part of the history books.

This time last year Amazon's Jeff Bezos had an estimated worth of around $34.8billion, but strong sales have seen that increase by almost $25billion in just 12 months.

That quantum jump saw Bezos make his way into the top ten of Forbes' rich list for the first time at the start of the year.

Since then he has only cemented his position in the top tier, where he currently occupies fourth place, after his company smashed profit expectations in its April 2016 earnings announcement.

Net sales increased 28 per cent to $29.1 billion in the first quarter, compared with $22.7 billion in first quarter 2015, driven by sales of Fire tablets, Kindle book readers, and subscriptions to Prime.

That report saw Bezos' wealth jump by an estimated $6billion in just 20 minutes as stock prices soared in late trading. 

The retail magnate, who also owns the Washington Post newspaper and shares in space exploration company Blue Origin, is now closing in on Warren Buffet, the investment tycoon, who occupies third spot with an estimated worth of $67.9billion.

One of the key things Amazon has done over the last 12 months has been increasing Amazon Prime members, now making up more than half the online retailer’s customer base, according to a new study. Consumer Intelligence Research Partners estimates that Amazon AMZN 0.21% counts 63 million Prime members among its shoppers—an increase of 19 million from last June.

I am a proud customer of Amazon Prime and have seen their delivery times increase from 24 hours to even less than an hour and now also introduce groceries. The other week we ordered four bags of salad, not only did they cost less than the local supermarket but were on our doorstep an hour after we made the purchase online!

Amazon has got FASTER and as a result getting more valuable.

I recently interviewed Jim Carroll, futurist and author of bestseller, The Future Belongs to Those Who Are Fast. Jim offers some great insight into why as an entrepreneur you need to move fast and the case for private jets.

Over the last 15 years, since Concorde retired, civilian supersonic air travel no longer exists. Due to terrorism traveling by plane from A to B actually takes longer due to airport security and flight delays. While everything around us is accelerating air travel has slowed down...unless you travel by private jet.

With private jets you have a much wider selection of airports, in many of these small airfields you can actually drive up to the jet get out your car and you are in the air in less than 10 minutes. This drives the traveling time from A to B down by a massive amount of time.

Fabrizio Poli is Managing Partner of Aircraft Trading Company Tyrus Wings. He is also an accomplished Airline Transport Pilot having flown both private Jets and for the airlines. Fabrizio is also a bestselling author and inspirational speaker & has been featured on Russia Today (RT), Social Media Examiner, Bloomberg, Channel 5, Chicago Tribune, Daily Telegraph, City Wealth Magazine, Billionaire.com, Wealth X, Financial Times, El Financiero and many other Media offering insight on the aviation world. Fabrizio is also regularly featured as an Aviation Analyst on Russia Today (RT). Fabrizio is also aviation special correspondent for luxury magazine, Most Fabullous Magazine. Fabrizio is also considered one of the world's top 30 experts in using Linkedin for business. You can tune in weekly to Fabrizio's business Podcast Living Outside the Cube available both in video & audio. You can also follow Fabrizio's aviation videos on Tyrus Wings TV.

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