Showing posts with label choose dupage. Show all posts
Showing posts with label choose dupage. Show all posts

Friday, May 05, 2017

Keynoter tells DuPage business conference change is accelerating

Keynoter tells DuPage business conference change is accelerating




Entrepreneur Howard Tullman was the keynote presenter at DuPage County Regional Business Outlook. (Chuck Fieldman / Pioneer Press)
The message from Howard Tullman was clear Wednesday when he spoke to about 700 members of the DuPage business community.
"Everything changes so quickly today; it's hard to keep up," said Tullman, an entrepreneur who has been involved in many business ventures and is chief executive officer of 1871, a company started in 2012 to support Chicago's digital startup community.
"The future is here now, it doesn't wait. The world today is all about speed. People want everything right now. You've got to be there when the buyer is ready to buy. Yesterday's miracles are today's 'so whats.'"
Tullman was the keynote speaker at the eighth annual DuPage County Regional Business Outlook at Drury Lane Conference Center in Oakbrook Terrace
He said changes in technology aren't incremental and will impact all kinds of businesses.
"Every time there's a change, it accelerates the rate of the next change," he said. "Technology is not just about doing things better, it's about how you do other things."
Tullman said loyalty nothing more than the absence of something better. Attention is the new currency.
"People are spending more time online, but in shorter sessions," he said. "They're telling us to make it easy for me, or I'll go someplace else."
While Tullman's message is applicable to many around the world, it was an appropriate topic for the DuPage audience, said John Carpenter, president and CEO of Choose DuPage Economic Development Alliance, which sponsored the event, along with Ice Miller and Mesirow Financial.
"We want the information here to be valuable," Carpenter said. "Relevance is the main goal, and the message here today was don't be complacent."


About 700 people from the DuPage County business community attended the DuPage County Regional Business Outlook. (Chuck Fieldman / Pioneer Press)
The DuPage County Regional Business Outlook event brings together local business owners, executives, government and education leaders to share insights on the regional and national economic landscape, as well as to discuss best practices and growing potential in today's economy.
DuPage County Board Chairman Dan Cronin shared optimism about the economic outlook in the county.
He said unemployment and industrial vacancy rates in DuPage are the lowest in the region at 4.19 and 5.4 percent, respectively. Sales tax for the first quarter of 2017 increased by 5.5 percent, Cronin said.
Other topics in the program: a U.S. market outlook from Leo Harmon, managing director, equity management, and Peter Hegel, managing director, fixed income management, both from Mesirow Financial; a business leaders roundtable moderated by Lisa Leiter, former anchor and reporter, Crain's Chicago Business, and including Vince Tomkinson, Midwest managing partner, Grant Thornton; John Carlisle, interim director, chain reaction innovations, Argonne National Laboratory; and Roman Kuropas, chief executive officer, president and founder, Innova EV.


Thursday, May 04, 2017

1871 CEO urges DuPage businesses to keep up with the speed of technology

1871 CEO urges DuPage businesses to keep up with the speed of technology



With the emergence of drone delivery, cashier-less retail checkout and robotic employees, business owners are feeling the pressure to keep up with technology.

Speed means more to consumers than price, in many cases, so business owners will see loyalty wane like yesterday's software, said Howard Tullman, CEO of 1871, a hub for tech startups in the Merchandise Mart in Chicago.

"Businesses need to be digital today. So if you're not in a hurry, you're probably too late," Tullman said.

Tullman was the keynote speaker Wednesday as 700 business executives, financial experts and others filled the Drury Lane conference room in Oakbrook Terrace for the 8th annual DuPage County Regional Business Outlook. The event was hosted by Choose DuPage, Mesirow Financial and Ice Miller, among others.

While most financial experts said the economic outlook for DuPage County is good, many turned to Tullman for guidance on how to keep their businesses viable.

Businesses will need to answer quickly to customers, instead of the traditional 24-hour emailed response, Tullman said.

"You have to get back to customers more quickly. Amazon is already shipping you things you haven't even bought yet," he said.

Think that's outrageous? Think again. Amazon and others online are tracking your habits and offer deals on products or services where you can say "yes" or "no" quickly.

"This is the 'right now' economy," Tullman said. "We're not working in just minutes, but in the 'right now.'"

For example, you'll like a jersey you see at a sports game, order it from your phone and have it delivered before you get out of the stadium.

There is also Amazon Dash, a consumer goods ordering service. A homeowner presses a button when running out of laundry detergent or another product and it's on your door step in minutes.

Data is driving these changes. Consumers will no longer be loyal when they have unlimited choices.

"Consumers are saying to us to make it easy for me, or I'll go elsewhere," Tullman said.

Total Pageviews

GOOGLE ANALYTICS

Blog Archive