What does future proofing your business mean?

Published by Charlie Davidson on

What does future proofing your business mean?

So what is “future proofing” and why can it help businesses survive? The literal definition of future proofing is: the process of anticipating the future and developing methods of minimising the effects of shocks and stresses of future events. The definition also talks about minimising the effects of future shocks.

What is a word for future success?

synonyms. 13 other terms for successful future. happy future. n. victorious future.

What is future proofing in reading?

The concept of future-proofing is the process of anticipating the future and developing methods of minimizing the effects of shocks and stresses of future events.

Why is it important to future proof?

While we can’t always anticipate natural disasters or economic downturns, we can prepare for them. Future-proofing is another level of insurance all companies need as a way to be proactive rather than reactive. It’s better to be prepared for a disaster now than wonder how you can prepare in the future.

How do you future proof a business?

Six Ways to Future-Proof Your Business

  1. Have a Growth Mindset. Embrace the attitude: “Change is inevitable.
  2. Have a Clear Vision.
  3. Develop a Strategy.
  4. Ask for Outside Help.
  5. Put Your Plan into Action.
  6. Continually Optimize.

What makes something future-proof?

In general, the term “future-proof” refers to the ability of something to continue to be of value into the distant future—that the item does not become obsolete.

What is the synonym of success?

In this page you can discover 89 synonyms, antonyms, idiomatic expressions, and related words for success, like: victory, triumph, accomplishment, achievement, attaining, accomplishing, being out in front, failure, fortune, progress and good-luck.

What is the definition of future proof?

If you future-proof something, you design or change it so that it will continue to be useful or successful in the future if the situation changes.

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