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2014 Small Business Trends – According to the Experts

01/29/2014

Latest polls suggest that the global economy continues to recover. Kiplinger’s Economic Outlooks suggest that gains in business and consumer confidence in the coming year will help to strengthen economic growth by 2.6%. November’s 203,000 job gains also point to stronger growth.

Top 3 Workforce Predictions for 2014 suggest that self-employment and becoming a free-agent where you BYOW (bring your own work) to a project-based business need will also increase.

Are You Ready?

Whether you are already in business, thinking about becoming self-employed or a free agent, below are 6 Tips for Building Your Business Revenues in the New Year:

  1. Virtual Business Mentoring Sources: Connect with confidential and experienced business mentors including SCORE, SBDCs, women’s business centers and MicroMentor using a state-specific, Business Planning and Development Platform.
  2. Business Assistance Programs: Discover multiple nonprofit online Resource & Referral Communities tailored to Veterans, Small Businesses, Women, Youth and Minorities.
  3. Alternative Funding Tools & Expertise: Consider innovative ways to raise working capital such as Merchant Advances, Supplier Credit, A/R Financing and Crowd Financing. Connect with Financial Management Expertise on a part-time or on-demand basis.
  4. Keep Overhead Costs Low: Outsourced services and virtual office solutions continue to expand offerings in ways that provide cost savings and productivity enhancements.
  5. Cloud-Based Applications: New small business apps promise improved efficiencies in multiple arenas such as bookkeeping, expense control, CRM & project management.
  6. Network, Network, Network: The old adage remains true today; It’s not what you know, it’s who you know. Learn who offers no-cost small business assistance in your area.

For other valuable tips and tools to start, grow and succeed in business, AskBUZ.

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This Small Business News Brief was sponsored by the following Educational Sponsors:

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