Episode 108 – What is the future of Small Business? Small Biz 2.0

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Small businesses are formed for many reasons. We started ours because we loved our hobby of teaching, inspiring, and entertaining people. There are many reasons to start a small biz. You might want to work for yourself or make some more money. However, we live in a changing world. We cannot afford to lose track of the trends in small business or we risk losing the business we love. So we need to understand, where small business if going.

What is the biggest change coming to small biz?

There are many changes that will continue to happen with Small Business. Record numbers will be starting up and failing every year. However, the biggest change is that the older definitions will start disappearing. Local business versus international business and online business versus offline business will merge into business.

It really has been changing with the invention of the online business and people growing more connected to the internet via their mobile devices. The great thing is the growth of this technology provides great opportunities to those willing to keep changing.

These opportunities will create a huge challenge for small biz

We will no longer be able to hide from competition. They will invade our communities and try and lure away our customers. So, we need to adapt and move our business into this space before someone else occupies it.

Join Kristin and me as we look at this vital topic in this weeks episode of the Small Biz Life podcast.  Also, check these articles referenced in the episode "Small Business in 2020: Dramatic Shifts Predicted", "10 Businesses That Will Boom in 2020", and "Why Small Businesses Should Prepare For 2020"

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