Future Small Business Trends You Need to Know
Throughout the years, small business trends come and go. Some tend to last longer than others and set the bar for new trends. It’s important to keep on top of these trends to stay competitive. As a small business owner, you want to know what works, and what doesn’t. Whether your goal is to build business credit, hire more employees, or something else, taking a look back at impactful trends in 2017 and what’s to come in 2018 will give you a competitive edge!
Top Small Business Trends in 2017
- Of the 28.8 million small businesses in the United States, many of these were expected to grow and add employees in 2017.
- Health and wellness was a dominant lifestyle trend in 2017, and it’s expected to continue to be popular in 2018. If you can incorporate this into your products or services, it will likely be good for business.
- Technology: Squareup.com reports that the Internet of Things, artificial intelligence, and augmented and virtual reality were all big trends impacting small business in 2017.
- Shipping: If you’re a small business, it’s a good idea to make fast shipping a priority. A recent study by Temando as reported on Squareup.com found that 80 percent of shoppers want retailers to offer a same-day shipping option.
- Online users appreciated video content in 2017. Creating video content for your business may help expand your reach heading into the new year. Small businesses are incorporating avenues like Facebook Live and Instagram to share their content. This is an easy way to stay current, so if not doing this already, it’s time to step it up.
Small Business Trends to Look Out for in 2018
- Bankinnovation.net reports that millennial entrepreneurs are the most optimistic business owners, with the majority of them expecting their businesses to grow in 2018.
- Social media trends will continue to grow with more small businesses getting on board with social media marketing.
- Advertising and marketing will become more personal, and AI will play a big role in marketing, reports Business News Daily.
- Business News Daily also reports that Internet of Things cyber attacks will become more common, and in turn, IoT devices will become more secure.
- More companies will embrace remote work as well as shared officing and flexible schedules.
- Companies will use data to drive growth and credit rating companies, like Credit.net, will have a hand in this.
How Can Credit.net Help Your Small Business?
There’s a lot going on with small business, and it’s important to stay current to be successful in the long-term. Credit.net can help your business in a number of ways. By supplying your business with the credit information you need to make informed, smart decisions, Credit.net lets you stay on the path to small business success.
Industry-leading data, small business credit reports, and credit lists are all integral parts of business success, and Credit.net is an expert in this area. Credit.net also offers other ways to help your business grow, like email marketing and email lists, research and customer profiling, and search engine marketing. All of these are keys to success.