5G Your Business Finances - Celia Powell

5G Your Business Finances,‌ ‌Season‌ ‌4 ‌
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Introduction‌ ‌
5G the new standard for network communication, this standard far exceeds our cellular service to our smartphones. Today’s conversation will explore the technology and how businesses and entrepreneurs need to begin thinking about the opportunities that it can bring. The opportunities span all industries and the overall  impact to our global economy. In this episode we will take a look at the future and current tech trends that can impact your business and finances.

​Show‌ ‌Objectives‌ ‌-‌ ‌The‌ ‌Why‌ ‌
As business owners and entrepreneurs we must be aware of tech trends that are on the horizon, 5G will impact operations and the financial investments necessary to implement them.  Understanding the pending evolution to technology due to 5G will help leaders plan today for the investments they make tomorrow.  Being armed with understanding along with having a strategy will allow the business owner to embrace the changes that 5G will make versus viewing it as a threat or disruption or distracting but rather as the building blocks of their organization’s future. Which will allow our businesses to thrive and prosper using 5G technology!
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Key‌ ‌Issues‌ ‌-‌ ‌​Owner/Manager‌ ‌Perspective:‌ ‌

• Is 5G technology relevant to my business model? Isn’t this just another way that the cellular providers and smartphone manufacturers use to upsell and get more profits?
• Even though the business can clearly benefit from 5G implementation, how much will this cost? What are the costs?
• Late adoption of 5G technology into the business model may leave profits on the table. How can it be assured that the business will prosper?

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What‌ ‌You‌ ‌Need‌ ‌to‌ ‌Know:‌‌ ‌
5G

• 5th generation mobile network
• New global standard after 1-4G
• Enables a new kind of network that is designed to connect virtually everyone and everything.
• Fast speeds and response times(low latency)
• More reliability, massive network capacity, increased availability
• More immersive user experience
• Connects new industries
• $13.T + revenues by 2035
• Creating 22.8 million jobs
• $265 B global CAPEX and R&D annually through 2035‌

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What‌ ‌You‌ ‌Need‌ ‌to‌ ‌Do‌​‌ ‌-‌ ‌‌The‌ ‌How‌ ‌
Evaluate industries for 5G Impact for economic growth, resiliency, sustainability, role in sales. Every industry will be uniquely transformed by 5G’s impact by creating new products and revenue streams.

Online Platforms

• Education
• Consulting
• Coaching 

Healthcare

• Telemedicine
• Data Management and Security
• On body devices

Remote Work

• Next generation of PCs = smart 

Entertainment

• More Immersive user experience    
  • Gaming
  • Augmented Reality
  • Outdoor/Indoor Events

Automotive and Manufacturing

• Real time asset tracking

Automotive and Manufacturing cont.

• Real time inventory
• Reliable robotic control
• Smart transportation

Article‌ ‌link:‌ ‌ ‌
https://deloitte.wsj.com/cio/2020/03/02/horizon-next-how-to-prepare-for-the-future-of-tech/
‌https://www.qualcomm.com/media/documents/files/future-of-5g.pdf‌
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Shows‌ ‌
Previous:‌ ‌ ‌
Episode‌‌ ‌‌F4.008‌  ‌‌KEEPING THE CASH FLOWING
Next: 
Episode F4.010 CASH VS. DIGITAL CURRENCY
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Written‌ ‌by‌ ‌Celia‌ ‌L.‌ ‌Powell‌ ‌CPA‌ ‌
 ‌
www.celiapowellcpa.com
Celiapowellcpa@gmail.com
Facebook‌ ‌@celiapowellcpa ‌
Instagram‌ ‌@celiapowellcpa
Linkedin @celiapowellcpa

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