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8 Advantages of Being A Small Business Owner Now
8 Advantages of Being A Small Business Owner Now
Now
May 17, 2015 by Deborah Shane In Small Business Operations 17
Parity in business always exists, but we are in a “spring of hope” and some of the best
of times for starting, launching or growing a small business. The past few years have
seen an opportunistic and favorable business environment and it looks like thankfully it
is poised to continue.
Here are the advantages of being a small business owner … now.
Technology Tools
In no other time has technology made it easier for us to do business, communicate and
grow on such an efficient and far reaching scale. The Web, email marketing, social
media, plug-ins and apps allow us to organize and focus communication. and to help
people in ways that save us time and energy and improve efficiency.
The cloud offers front end management of tasks, while many small service companies
still juggle paper spreadsheets and calendars to stay organized.
POS systems let small retailers accept more than cash with a swipe. A repeat customer
has a higher lifetime value than a new customer so it pays to invest in customer loyalty
programs. By adding a simple plug-in app, small businesses can turn their basic Gmail
service into something even more powerful.
An Improved Economy
There are so many reasons to be optimistic now and moving forward. People are finally
feeling optimistic enough to invest more in themselves, their businesses and others.
The “recovery fatigue” many of us have been feeling is finally lifting and shifting from
recovery to growth and people want in and to enjoy it more. Hartford’s Small Business
Success Study reported in October 2014 that 77 percent of small businesses feel
successful about their business operations, up from 70 percent in 2013.
The Sage Business Index (2014) indicates 58 percent of business revenue will grow in
2015 by an average of 2.5 percent.
Competition Makes Us All Better
We simply can’t become better by ourselves. It is through healthy competition that we
are inspired to innovate, try new things, rebrand, stay motivated, provide stellar
customer service and be a part of a community that helps and learns from each other.
“Sometimes you just don’t know what your market is until you try.”