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Entrepreneurs are faced with countless responsibilities in the course of running their business, and leveraging artificial intelligence will result in efficiency and effectiveness that leads to profitability. Al technology duplicates human intelligence such that activities that were exclusively performed by humans could now be done by machines. These tasks are done intelligently as if it were humans doing them. This frees the entrepreneur for more strategic work and from performing some repetitive tasks or even unpleasant ones. Related Stories AI with reasoning power will be more unpredictable- Ex-OpenAI chief Artificial intelligence to influence 94.1% of global ad revenue by 2029 – Report Here are a number of ways that an entrepreneur can leverage Al for profitable operations in business. 1. Implement Al in your business You cannot ignore the role of Al in innovation and growth, so work with experts and implement it in your processes. From customer engagements to routine processes like entering data, Al allows you to reorganize your work and reduce operating expenses. Al frees up time to focus on more important aspects of the business, like business development and strategy. 2. Targeted marketing Use Al for targeted marketing, which can improve revenue growth. By examining customer data, Al is able to send out personalized recommendations on the products or services you offer to your contacts. 3. Data driven decision-making Al technologies can identify and predict customer preferences and patterns, so you know what to restock. This can create customer satisfaction and optimize operations and sales to yield profits. 4. Differentiation Al can help an entrepreneur differentiate their products and services by improving customer experience through improved customer support with the use of chat bots or suggesting appropriate personalized content for emails to customers. 1. Be teachable. Learn and keep learning how Al can help you adapt profitably. Al is an effective tool to help you scale your business. Get knowledge. 2. Review your processes Always review your processes to identify where Al can assist in improving tasks or increasing the value of your services. 3. Encourage innovation Create a culture of innovation in your team and encourage them to share their ideas on how things can be improved in the business. 4. Have a feedback mechanism Feedback is necessary to aid you in measuring your progress, and more progress is achieved by implementing suggestions that you find useful. In conclusion, entrepreneurs who adopt Al in their business, transform their businesses in extremely remarkable ways because they are able to increase their productivity, make informed decisions and provide personalised services which are required for achieving growth and favorable outcomes in business environment driven by innovation. Lola Olukuewu is a seasoned serial entrepreneur, consultant, mentor, speaker, green advocate, and technology enthusiast. With her team, she manages multiple businesses based in Nigeria, and the USA. One of her businesses is TOPAS Hub, Lagos, the most eco-friendly tech and business hub in Nigeria. She also runs two businesses in the real estate sector- a real estate investment business, and an interior/exterior design business for High Networth Individuals, which started in 2022. With over 2 decades as an award-winning business woman, Lola holds an honorary doctorate from Trinity International University of Ambassadors, and a Georgia House of Reps Resolution/Letter of Recognition and Commendation in Entrepreneurship, both from the USA. She also holds an MBA from Business School Netherlands, an Executive Masters from Project Management College UK, and certificates from notable institutions like Harvard, and Oxford. As a uniquely gifted entrepreneur and skilled professional in operations and business, she has also worked with both local and multinational companies, some of which include Google, Facebook (now Meta), and Amazon. Being a polymath, Lola has started and run multiple businesses over the last 23 years. Some of those businesses failed, while some survived, thereby making her garner tons of experiences in entrepreneurship. She has also recently co-founded an AI company, focused on AI automation product solutions, set to launch before the end of December 2024. Artificial Intelligence belongs in the Critical and Emerging Technologies list in some of the world’s largest economies. Having worked at Google, and planned over 200 events (many of which are for tech companies), she has garnered substantial experience in the global tech space and scene. So far, Lola has trained or mentored over 500 people in soft skills, career growth, and business. She is a force of inspiration and change and a role model to many. As a life-long learner, she enjoys Googling for knowledge, and mentoring.

Stocks are one of the top investments for building lasting wealth. By investing in companies that can grow profitably at a large scale, investors can generate significant returns over time. Thus, when investing for tomorrow, investors should consider top with multiple growth catalysts and the ability to deliver above-average returns. With this backdrop, investors should consider three TSX stocks to build significant wealth over the long run. ( ) is a solid long-term stock to create lasting wealth. The company offers value, income, and growth. Notably, shares of this subprime lender have risen about 897.5% over the past decade, reflecting a CAGR of 25.8%, and have outperformed the broader markets. The stellar growth in its stock is driven by its robust financials and commitment to returning value to investors through higher dividend payments. Notably, goeasy’s earnings per share (EPS) have grown at a five-year CAGR of 28.7%, while its revenue rose by 20.1% over the five years. Besides solid financials, goeasy has steadily increased its dividend over the past 10 consecutive years. goeasy looks well-positioned to deliver solid growth in the coming years. It will likely benefit from its leadership in Canada’s subprime lending space and growing loan demand. The company forecasts its consumer loan portfolio to exceed $6 billion by the end of 2026, which will drive its top line at a healthy pace. Further, its diversified funding sources, solid credit underwriting practices, and efforts to expand its product offerings and geographic reach will accelerate its growth. Moreover, goeasy’s strong balance sheet and improved operating leverage position it well to capitalize on growth opportunities. While goeasy is likely to deliver double-digit earnings growth, its stock has a forward price-to-earnings ratio of just nine, which makes it attractive on the valuation front. ( ) is another top TSX stock that could help create significant wealth over time. Shares of the business jet manufacturer have risen over 106% over the past year. However, it still has ample upside potential, as the company is poised to capitalize on the growing demand for its products and services. Further, the Canadian aviation company will likely benefit from its extensive aftermarket and support facilities network. Bombardier’s top line will be driven by increased aircraft deliveries led by its new lineup of medium and large business jets. Moreover, its focus on innovation and diversification across defence, services, and the pre-owned aircraft market will likely add new revenue streams, thus improving profitability over time. Furthermore, Bombardier emphasizes strengthening its balance sheet by improving liquidity and lowering its debt load. This optimization will likely provide financial flexibility, positioning it well to invest in new opportunities and accelerate growth. ( ) is another attractive stock worth buying now for tomorrow. This leading industrial manufacturer has consistently delivered solid financials, leading to a rally in its stock price. TerraVest’s top line has risen about 35% in the first nine months of 2024, benefiting from acquisitions and higher demand in the service segment. Thanks to its stellar sales growth, TerraVest stock has jumped about 164% this year and gained an enormous 927% in the past five years. Despite the rally, it has more room for growth, given the solid demand for its services. TerraVest’s focus on international markets, expansion of its product offerings, and improved manufacturing efficiency will likely support its top and bottom lines. Moreover, its focus on acquisitions will further accelerate TerraVest’s growth, boosting its share price. TerraVest also has a solid balance sheet with ample liquidity, which could allow it to continue capitalizing on growth opportunities and enhancing shareholder value through dividend payments.