TOP SMALL BUSINESS TRENDS.


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Uploaded on May 26, 2020

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TOP SMALL BUSINESS TRENDS.

TOP SMALL BUSINESS TRENDS Automation Software Is Levelling the Playing Field • Although automation technology is still evolving, it’s becoming increasingly popular to small business owners. • Automation is playing a big role in accounting, data entry, customer service, or any number of business processes. Source: Google Image Remote Work Will Become the New Norm • Remote employees put in a full day’s work or more, instead of being distracted or unproductive. • This flexible, understanding work will help in save costs by spending less money on operational expenses. Source: Google Image Go Cash-Free • In 2020, starting a small business will be more affordable than ever.  • Smaller and smarter systems and manufacturing methods will reduce the costs of running a business. Source: Google Image Women in Business Will Thrive • More women are taking on leadership roles, and the gender gap in earnings have narrowed. Source: Google Image Social Media Marketing Experts Will Be Key • 70 percent of small businesses used social media in 2018, and that number is expected to grow over the next few years. Source: Google Image Generation Z Will Contribute to Small Business Success • Gen Z are true digital natives and it’s crucial that you consider them in your buyer personas. • Gen Z is made up of 86 million people, and are expected to represent 40 percent of all consumers by 2020.  Source: Google Image  The Freelance Gig Economy Will Continue to Grow • Professionals are starting their side hustles to supplement their income or monetize hobbies.  • Many CEOs started their businesses as a side hustle, while still working their full-time jobs.  Source: Google Image Technology Will Help Businesses Improve Customer Service • It’s important to make it as easy as possible for your customers to contact you. • As per the research 57 percent of customers would rather contact companies online than call them for help.  Source: Google Image THANK YOU