5 Ways To Think Bigger in 2018, According to Entrepreneur's Editor In ChiefNumber one: Truth is the new year's competitive advantage!

ByJason Feifer

Entrepreneur Media

This list is from The Feifer Five, a monthly newsletter by Entrepreneur's editor in chief, Jason Feifer. Each month, he shares five entrepreurial insights to help you think bigger.Subscribe here.

Here's the only prediction I can guarantee: Next year will bring new opportunities for sharp, forward-thinking entrepreneurs. And what exactly will those opportunities be?

I have a theory. Which leads me to #1 on my list...

1. 2018 can be a fresh start.

For雷竞技手机版's December issue, we asked tons of smart people to make a prediction. (Gary Vaynerchuk's answer, in part: "The same way I felt in 2008 about social media is how I feel about voice now.") And as we did, I began forming my own prediction: Trust is next year's competitive advantage.

Following a 2017 full of fake news, divisiveness, hacking, corporate malfeasance, and never-ending scandals, consumers want to embrace anything that is true and honest and decent and giving and real. The entrepreneurs who are most trustworthy -- who have nothing to hide, who speak openly and clearly, whose companies are transparent, who believe in their customers as much as they believe in themselves -- will be the ones that win people over. The future is for entrepreneurs to shape. Next year is a fresh opportunity to prove it. May we do so in the image of our best selves.

2. Great opportunities at the wrong time are actually just bad opportunities.

For evidence, look no further thanthis episodeof my podcastProblem Solvers. It's about what happened when Noosa, the yogurt company, said yes to its first big retail opportunity -- and lost $100,000 because of it.

(Side note: After this episode ran, Noosa sent me a box with dozens of their yogurts. It's great stuff but, oh man, that's too much. I literally gave some away on the street outside our office, so they'd all be eaten before going bad.)

3.You may be making things unnecessarily hard.

Every so often, someone tells me something so simple and yet profound that I immediately know: This is something I'll think about for years, if not forever. And it happened recently, duringa conversation I had with Tim Ferriss. He was telling me that the past year-plus has been the most productive time of his life. I asked: How? And he said: He started to look at every project and asked, "If this was simple, what would it look like?"

If this was simple, what would it look like?

In other words: Imagine what it would take to make this project easier. Imagine the structure. The other people you'd need to involve. The way you could delegate, spread, or re-organize the tasks. The stuff you can simply cut out of the process. And then... do that. Stop doing it the complicated way. Make it easy. Because the easier it is, the more you can accomplish.

I've been asking this of myself a lot lately. I don't always have the answers, but the question feels like a lifeline all its own. (And when I do have the answers, I'll share them with you.)

4. If you anchor yourself to the old ways of doing things, time will just move on without you.


The year is 1777. Frederick the Great is ruling Prussia. Coffee was becoming popular there, so Frederick made the drink prohibitively expensive for people to buy. His explanation: "It is disgusting to notice the increase in the quantity of coffee used by my subjects, and the like amount of money that goes out of the country in consequence. My people must drink beer. His Majesty was brought up on beer, and so were his ancestors."

What Frederick didn't appreciate: Just because something happened in the past, that doesn't mean it must or evencancontinue in the same way. He died in 1786 and was succeeded by his nephew, Frederick William the II, who lifted the restrictions on coffee. People still love beer, of course. But they love coffee too. There's always room for something new.

(This all came from the latest episode of my podcast Pessimists Archive --site,iTunes-- where I tell the story of how coffee survived 500 years of bans and health scares. Frederick is my absolute favorite moment from it. Though, I also loved diving into what 17th century coffee houses looked like in London. Hint: Not Starbucks!)

5. Own it!

I loved this sandwich board, which I spotted outside ofEmmerson in Boulder, Coloradoin November. It's a great reminder that confidence trumps almost anything else. Someone insult your food? Use that to promote yourself, and suddenly you've flipped the insult on its head. It's like you're saying,Our food is so good, we can joke about it being bad. That's how confident we are you'll love it.

That's a compelling message.

Wavy Line
Jason Feifer

Entrepreneur Staff

Editor in Chief

Jason Feifer is the editor in chief of雷竞技手机版magazine and host of the podcastProblem Solvers. Outside of雷竞技手机版, he is the author of the bookBuild For Tomorrow, which helps readers find new opportunities in times of change, and co-hosts the podcastHelp Wanted, where he helps solve listeners' work problems. He also writes a通讯called One Thing Better, which each week gives you one better way to build a career or company you love.

Editor's Pick

Related Topics

Business News

Carnival Cruise Wants Passengers to Have Fun in the Sun — But Do This, and You'll Get Burned With a New $500 Fee

The cruise line's updated contract follows a spate of unruly guest behavior across the tourism industry.

Business News

Teen Stranded in Florida After American Airlines Cancels His Ticket for Planning to Leave the Airport at Layover

The phenomenon is known as "skiplagging," an attempt to find the lowest fares possible by only taking part in one leg of connecting flight.

Business News

Daymond John Slams 'Shark Tank' Contestants With Restraining Order: 'It Is Unfortunate That It Has Come to This'

Bubba's Q boneless ribs first appeared on Season 5 of the hit ABC show.

领导

68% of Companies Are Making This Critical Mistake in Their Approach to Hybrid Work — Are You?

It is paramount for businesses to iron out their approach to hybrid work to avoid becoming a statistic.

Business News

Viral AI Google Calendar Extension Is Just Like Having a 'Personal Assistant,' and Social Media Is Losing It

A TikToker is going viral after showing a new AI tool that helps create and reschedule her calendar.

Growing a Business

Artificial Intelligence Can Be Racist, Sexist and Creepy. Here Are 5 Ways You Can Counter This In Your Enterprise.

今天的企业家和创雷竞技手机版新者正在探索ways to use artificial intelligence (AI) to enhance efficiency, productivity, and customer service, but is this technology truly an advancement or does it introduce new complications by amplifying existing cultural biases, like sexism and racism?