By Evan Vitale
Everyone, it seems, has a business prediction for 2016.
Here a few of my favorites.
- 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.
- 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?