Key Trends That Will Drive Small Business in 2022
Here are trends that could benefit your small business in 2022.
Source: Expert Panel® - Forbes Councils
Small businesses were sent into a period of upheaval during the COVID-19 pandemic. Worldwide, life is starting to regain a sense of normality and new business trends are fast emerging. Understanding them can help small businesses find their footing and thrive.
1. Networking With Other Businesses
One of the biggest trends in the world of business is networking. Instead of growing alone, small business owners can multiply their efforts exponentially by connecting with other business owners. Networking helps you gain business lead referrals, hear new market perspectives, learn from other’s experiences and sharpen your game and pitch and even team up and form relationships that inspire and fuel each other’s growth.
2. Digital & Cloud Technology
Many small businesses do not have a strong digital presence. Success in the next ten years will be driven by your ability to use and leverage digital and cloud technologies today and your willingness to stay on top of whatever technology. Be present online on popular social media platforms, add valuable tools like Xero or monday.com to simplify the daily tasks within your business and you will reap the benefits.
3. Coaching and Mentoring of Employees
To maintain a happy workforce and improve retention, small businesses will need to find creative, innovative ways to attract and retain talent. There’s a trend to provide employees with coaching or mentoring, and that’s far more valuable to a person’s development than a Ping-Pong table!