Break out the rose-colored glasses because now is the best time for small businesses. On a hiring and spending spree, small businesses are making their way through the world. More than half of small business owners with 100 or less employees state that their businesses are doing well. If you want to hop on the small business train, now’s the time to purchase your ticket.
With revenue up more than 60% since 2015, it’s predicted that this growth will continue. This economic positivity not only benefits the small business owners, but profits local economy and provides consumers with amazing, unique experiences.
In a survey to calculate the overall health of small business, three cities were found to rank highest. Tampa, Nashville and Orlando are at the top of the list with Philly, New York, San Francisco and Los Angeles close behind. There is a bright future for small business owners in popularly attracted cities.
Marketing and Social Media
Customer experience isn’t the only thing small businesses are getting on board with. A vast majority of people find places to visit, eat at and shop through the internet. Google has made increasing efforts to provide the best user experience for anyone wanting to surf the world wide web. In 2017’s small business trends and predictions, small businesses will continue to utilize social advertisements on the internet.
Small businesses are using social platforms to market their brand, their business and gain more customers and consumers. Etsy, Instagram and Facebook are just a few to name the least, of social media platforms where small businesses target their audiences. With hashtags and keywords, the internet has become a major tool to success in small business growth.
Local Economic Support
With the rumor of President Donald Trump vowing to lower taxes and regulations, rising sales and revenue can be expected. Small businesses bring an upbeat refreshment to their local economy. More and more people are supporting small businesses due to the major benefit it provides.
By supporting a small business in a local economy, that funding continues to keep the business afloat, provides jobs for the community and creates a sense of community. Local shoppers are proud of the small businesses the support, through purchasing T-shirts, car magnets, and even posting about it on social media. A community and its economy grows from the benefits of small businesses.
With the helpful marketing, social media and support from customers, small businesses are making their way to success in business. As more and more small businesses start to boom, we can expect to see this trend grow. All aboard the small business train, because the time is now.