Evan Vitale

Accounting Professional

Evan Vitale – 2016 Business Predictions

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By Evan Vitale

Everyone, it seems, has a business prediction for 2016.

Here a few of my favorites.

From http://nerdwallet.com:

  • More online small-business loans.
  • More women-owned businesses.
  • More loan dollars guaranteed by the United States Small Business Administration.
  • Entrepreneurs will use more business credit cards to make purchases for their companies.

From http://forbes.com:

  • Expect gradually increasing interest rates and tougher credit for business.
  • Lower oil prices into mid-year followed by gradual increases.
  • This will be a big year in terms of mega-mergers.
  • It will be a challenging growth year for middle-market companies.
  • Politics as usual.

From http://businessnewsdaily.com (who has 50 small business trends and predictions for 2016):

  • Small business growth will continue.
  • Same-day delivery and cross-border selling will expand.
  • More businesses will come up for sale as Baby Boomers look to retire.
  • Small businesses can expect more scrutiny from customers
  • Despite increasing internet connections, human connections remain the most important.

Here are some other notable predictions for the new year:

  • Security experts are expecting there to be new cyberattacks and hacks. This will include attacks through apps. Source: http://www.inc.com.
  • For businesses who utilize Google Adwords and other Pay-Per-Click (also known as “PPC”), ad targeting will be awesome in 2016. Social media ads are quickly becoming a favorite for many businesses. Bing Ads are expected to make a strong comeback. Source: http://wordstream.com.
  • Store front businesses that did well in 2015 (small grocers, hair salons, coffee shops, restaurants, fitness centers, home improvement contracts, retail boutiques and other “strong fronts”), should continue to have a good year in 2016 with, perhaps, some modest growth. Source: http://pymnts.com.
  • The impact of climate change and new technologies (such as the ability to check pricing on smartphones) means 2016 could be a good year for the wine industry, although craft beer and craft cider continue to earn a lot of attention. Source: http://bloomberg.com.

Do you have a business or industry prediction for 2016?