With 2016 in the books, entrepreneurs need to keep their eyes out for some advantageous trends that are taking shape. Let's take a look at three that will likely be of major importance through the next 12 months and beyond:
- SMBs find their stride with technology: Technology has played a major role in the small business sector, and entrepreneurs will become more comfortable with key elements such as mobility, cloud computing, analytics and digital marketing in 2017.
- Millennials step into leadership roles: Millennials have already started to increasingly act in leadership roles, but this will accelerate in 2017. SMBs must focus on leadership and management training for these individuals for continuity purposes.
- Access to credit improves: Small business financing has been working on a positive trend for years, and signs of a stabilizing economy along with less overall debt in the SMB sector should contribute to greater access to credit.
As virtually every industry and market continues to evolve rapidly, make sure your small business keeps up with the times. If you play your cards right, you ought to be poised for growth this year.