Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges that face every business whether they are large or small. It is not easy running a company, especially in a fast-paced, ever-changing business world. Technology advances, new hiring strategies, and now, political changes coming with the new administration, all add to the existing business challenges that entrepreneurs, business owners, and executives have to deal with.
Maximizing profits, minimizing expenses and finding talented staff to keep things moving seem to be top challenges for both SMBs and large corporations. We have been interviewing companies from around the world to discover what challenges they are facing in their businesses. We also asked each company to share business advice they would give to a younger version of themselves.
Below is our interview with Jen Greyson, CEO at Neureal:
What does your company do?
Neureal is creating a limitless ability to forecast the future using AI+Blockchain.
That may seem a wild boast, but the nascent technologies of blockchain and end-to-end learning truly gives rise to endless possibilities that can be applied across nearly every industry. Our architecture is capable of predicting a heart attack accurately enough to save a life; predicting a hurricane accurately enough to move vulnerable people out of harm’s way, predicting traffic and human patterns accurately enough for companies like Lyft to adjust actions and add to their bottom line. From complicated to simple, Neureal’s impact is far-reaching.
What is your role? What do you enjoy most about your role?
I’m the CEO of Neureal. Our software will give everyone the ability to matter, to make a difference in the world on a grand scale. With the help of AI + Blockchain, users will be able to predict anything they’re passionate about, from hurricane paths, to the extinction of a species, to climate change, to medical advances. And, of course… Bitcoin prices.
The marriage of a nascent technology like blockchain with the new asset class of cryptocurrency creates solutions for a wide array of problems raging across our planet. It’s exhilarating to be at the forefront of the future that AI+Blockchain promises.
What are the biggest challenges in your business right now?
Our biggest challenge at the moment is FOMO. The fear of missing out is driving people to do dangerous and foolish things as they exchange their local currency for cryptocurrency. Too many people are getting involved with a rudimentary understanding of the technology underlying the currency. Both reactions are leading to good people losing money and that's an unneeded black eye on the industry. Artificial intelligence brings its own level of fear and we're working to educate the masses as to how we can leverage the technology to create the next evolution of mankind, creating not just faster humans, but smarter ones. AI is set to be a $37B industry by 2025 and those figures aren't calculating the number of AI + Blockchain projects coming to market in the near future.
If you could go back in time, what business advice would you give to a younger version of yourself?
Listen more. Stop being so committed to being right. Be open to feedback. Spend more time in the morning in quiet introspection, figuring out what ONE thing will make others on my To Do list obsolete. Be present; when I'm with someone, don't answer another's call or email. Recognize that working late into the night doesn't always make the task list shorter; sometimes it's better to quit at a reasonable hour and start fresh the next day, or even after a long walk; I can't force answers and solutions to come to me by applying more time.