Small Business Predictions. Like it or not, 2016 is fast approaching. Before we know it, we’ll be ringing in the New Year and starting a whole new year of opportunity. With a recovered economy and increasingly educated population, 2016 is going to be a great year for small businesses and franchises alike. If you have been considering a venture in opening your own business, whether on your own or through a national franchise, we’ve got a few predictions that might interest you. Read also Small Business Trends
After the 2008 recession, lending companies are finally feeling comfortable and stable. This means that financing for motivated business owners can more easily be found and obtained. Private lending companies have loosened their restrictions when it comes to lending. Banks and credit unions have also started to promote small business loans as a way to make money and also support the local economy. Independent franchises have begun to offer in-house financing to qualified franchisees as well.
The ever-expanding interface of the Internet is also going to be a huge part of 2016. Business professionals aren’t limited to opportunities just in their neighborhood but rather anywhere in the country, and even the world. Those professionals looking for a business opportunity will use the Internet to find it, research it and make their final decisions. Since so many application and business processes can be completed via the Internet, 2016 will be the year of digital opportunity.
Small Business Predictions and Trends
Our last prediction for 2016 is that we will see a variety of expanding and emerging markets. Thanks to better finances worldwide but specifically in the United States and an Internet that connects the entire world, new markets will pop up and old markets will have the chance for a comeback. New products will bring about new customers and furthermore, new services that correspond. There is a whole year ahead full of market opportunity. These markets will undoubtedly need business professionals to serve the new market demand. Dr.PhoneFix is a perfect example.
Small Business Growth in 2016
There are constantly new electronic devices being introduced and sold to consumers worldwide. As an integral part of every day life, these devices inevitably experience interior and exterior damage or even worse, break completely. Before tablets and smartphones, there was no need for affordable and efficient device repair – now there is. This emerging market has a constant and consistent demand, which requires Dr.PhoneFix locations all over the country, in small neighborhoods and big cities.
These three predictions combined make for a powerful year of business in 2016. Taking all of these into consideration can help you make better, more informed business decisions in the New Year. If you have been thinking about opening a small business or becoming a franchisee, these are three key predictions to always keep in the back of your mind. With more financial support, the Internet at your fingertips and an emerging market – Dr.PhoneFix could be a great choice for you, your career and your finances.