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Two key mindset shifts to make around implementing A.I. in your business

You became a small business owner because you wanted to be in control of your success, and you knew you could bring more value to others on your own as opposed to working within a company. This mindset has propelled your business' growth, but with the rise of A.I and automation solutions, it may actually end up holding you and your business back.

Employee and client expectations are changing, which means that what you're offering them must change too - if you want to stay in the game. Here are two ways to leverage A.I. to grow your small business and how to go about it while maintaining the reputation you've worked hard to build.

Leverage A.I. to enhance employee engagement

The most common concern that I hear from business owners around utilizing A.I. is that implementing it will make their employees lazy. The truth us - if you believe that will happen, then your employees are already "lazy" and unprofitable to your business. A.I. has the power to eliminate the dead weight in your business so that you can focus on work that actually adds to the bottom line.

Engaging employees actually becomes easier with A.I. because it frees them of doing mundane tasks and allows them the time and freedom to take initiative on more strategic initiatives. Not only does this better utilize their skill sets and propel their careers, but it gives them more ownership over their roles, which is the ultimate driver of motivation at work.

Use A.I. to improve profitability and scalability

Apart from making your employees more engaged and motivated, leveraging A.I. gives you access to tools that make decision-making more efficient and precise. The reason for this is because that is all A.I.'s job is. It doesn't have the liability of a business looming over its head like you do, so it can focus all of its energy on doing one task perfectly.

The best example of this is using A.I. to brainstorm initiatives for client acquisition. A.I. is only as powerful as the information we feed it, but once it has good data, the possibilities are endless on what it can produce. By harnessing A.I. for data analysis, you can gain insights into customer behavior, market trends, and operational bottlenecks. These insights drive informed decision-making, allowing you to adapt strategies that you wouldn't have considered otherwise that help you maximize your business' profitability.

In addition to your internal processes, AI-powered tools like chatbots, personalized marketing, and recommendation engines can significantly improve your customer experience, driving loyalty and repeat business. By providing tailored interactions and swift responses, you can stand out in a market that is growing more and more crowded. Client expectations have changed drastically, which means you have to adapt your business to their lifestyle if you want to stay relevant and competitive.

Click below to read the full blog article:

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Things I found helpful this week:

• This LinkedIn illustration by Liz Fosslien that shows how conflict festers based on how we deal with it.
• This quote: "Adaptability is about the powerful difference between adapting to cope and adapting to win." - Max McKeown

I hope you found something helpful or insightful here - please reply back and let me know what topics you’d like me to cover in future issues. See you next Thursday!

-Anais

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