--- title: "Meaning & Key Takeaway of: There will be two types of businesses in…" description: "\"There will be two types of businesses in the next 5 years, those that are on the Internet, and those that are out of business\" — Bill Gates" image: "https://sms4smile.com/quotes/i/3fe/bill-gates-137_business_there-will-be-two-types-of-businesses-in_2158335.jpg" --- # There will be two types of businesses in the next 5 years… ![“There will be two types of businesses in the next 5 years, those that are on the Internet, and those that are out of business” quote by Bill Gates](https://sms4smile.com/quotes/i/3fe/bill-gates-137_business_there-will-be-two-types-of-businesses-in_2158335.jpg) [Download](https://sms4smile.com/quotes/i/3fe/bill-gates-137_business_there-will-be-two-types-of-businesses-in_2158335.jpg) [Open image](https://sms4smile.com/quotes/i/3fe/bill-gates-137_business_there-will-be-two-types-of-businesses-in_2158335.jpg) > “There will be two types of businesses in the next 5 years, those that are on the Internet, and those that are out of business” [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Businesses must either embrace digital platforms or risk obsolescence. **In simple terms:** Go online or fail. Key Takeaway Adopt digital strategies now. Themes technology business future adaptation Mood cautious optimistic Type advisory forecast When to use this quote - startup launches - legacy companies - retail - media - education Key Concepts digital transformation market disruption strategic planning Questions to Reflect On - How can traditional firms accelerate digital adoption? - What barriers prevent small businesses from going online? A Different Perspective Small firms may lack resources to digitize quickly. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Internet](https://sms4smile.com/quotes/about/internet/) [Internet business](https://sms4smile.com/quotes/about/internet-business/) ## Related quotes > [We don't actually plan to launch new businesses over the next few years, but we are planning to take the ones we have into…](https://sms4smile.com/quotes/richard-branson/we-don-t-actually-plan-to-launch-new-businesses-over-the-next-few/) [Richard Branson](https://sms4smile.com/quotes/author/richard-branson/) > [Eventually you won't think of 'the Internet business.' You'll think of it more like news, weather, sports, but even that taxonomy isn't clear.](https://sms4smile.com/quotes/bill-gates/eventually-you-won-t-think-of-the-internet-business-you-ll-think-of/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [The Internet will help achieve "friction free capitalism" by putting buyer and seller in direct contact and providing more information to both about each…](https://sms4smile.com/quotes/bill-gates/the-internet-will-help-achieve-friction-free-capitalism-by-putting/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [If your business is not on the Internet, then your business will be out of business.](https://sms4smile.com/quotes/bill-gates/if-your-business-is-not-on-the-internet-then-your-business-will-be/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [The telephone wire, as we know it, has become too slow and too small to handle Internet traffic. It took 75 years for telephones…](https://sms4smile.com/quotes/lori-valigra/the-telephone-wire-as-we-know-it-has-become-too-slow-and-too-small-to/) Lori Valigra > [Gold has worked for thousands of years, but now with the Internet, it works even better.](https://sms4smile.com/quotes/peter-schiff/gold-has-worked-for-thousands-of-years-but-now-with-the-internet-it/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [Over the years, the Internet has been going down the path of becoming a more personalized experience.](https://sms4smile.com/quotes/alan-schaaf/over-the-years-the-internet-has-been-going-down-the-path-of-becoming/) [Alan Schaaf](https://sms4smile.com/quotes/author/alan-schaaf/) > [They say a year in the Internet business is like a dog year.. equivalent to seven years in a regular person's life. 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