In today’s business world, change seems to be the only constant. Particularly in the technological world there is constant evolution and digital technology is growing faster, getting smarter at a rapid pace. The best thing for small and medium businesses to keep up, would be to anticipate what may be coming and adopt the trends to stay in step with the times.

Here are some trends which may give you direction on which way to proceed in your business growth strategies:

You must go Digital

Digital usage and experience has fast turned into a must have from being a nice to have. Today, in the case of most businesses it is a make or break decision to go digital, since the whole world has entered the digital age. To put it simply, small and medium businesses will have to go digital if they wish to remain competitive and interactive with customers through digital engagement.

Internet is everywhere

Internet has the globe in its grasp. It is now expanding beyond computers and mobiles, to televisions, cars and every new receiving device on the planet. Small businesses need to remain flexible so that they are able to manage, operate and extend and learn to adapt to technology easily and quickly to harness the power of the internet.

Advent of Devices You can Wear

Wearable technology devices are the next big thing and Google Glass, and the “Smart watch” from Samsung are just the beginning. With such tools becoming more and more pervasive in the daily lives of customers, businesses need to change their marketing strategies and be on the lookout for opportunities to innovate, in order to meet marketing needs related to the new found wearable technology.

The Cloud will get bigger

Cloud services will grow to huge proportions. This growth is good news for small and medium businesses, since they will have a chance to access more cost effective and efficient ways to run their business. Small businesses would do well to move their infrastructure or software to the cloud which will save them costly investments on servers and employing an IT team. Cloud services are virtually a god given answer to fulfill small businesses needs for hardware and software deployment.

Internet Security- A Must

Everything is being conducted online. Technology is permeating in advanced means in our lives and literally changing the way we live. Internet banking is today not an exception but the norm. New e commerce ventures are increasingly using online payment modes. You may not have heard of it but digital wallets will soon be prevalent on the net. So you need to rethink your online security measures and make sure that identity, customer and business data are safe and properly secured.

Entrepreneurial Learning

As technological trends advance and change, small and medium businesses would find it useful and profitable to keep track of how technological trends develop—and how they can leverage these technological advancements to better interact and engage with their customers, increase their productivity and and thereby enhance their business growth.

Leave a Comment

Your email address will not be published.

You may also like

Growing a Business

Want Great Guidance ? Find yourself a Super Mentor

post-image

They are the gods of small businesses, those inspired individuals who have achieved the highest levels of success. They can be the shining beacons who light up the path of running your business with their vision, wisdom and wealth of resources and contacts. They are The Mentors.

If you are fired with the passion to take your business to great heights, the best thing to do is find yourself a super mentor. Here are some tips to help in your quest

Pinpoint your Need

Sit down and focus your thoughts on your business growth strategy. Which area of the business needs a lift. Is is staffing, is it the finances, is it the production, is it the your lack of customers or is it the business as a whole that needs a makeover. Once you’ve zoomed in on the sore spot, this is where you need…

Read More
Growing a Business

Dreaming Big? You can Move Mountains with these Business Productivty Tips

post-image

You may be full of admiration for some people who seem to manage themselves and their work so usefully and efficiently. They seem to fit in so much productive work into the same number of hours which everyone has.. Let’s look what makes them tick and take a few tips.

Learn to identify your most productive hours

Its true, most productive people know which time of the day they can be most creative and efficient. They identify and allot these hours for the best part of their work. This way they are able to give their 100% awareness to the job and business productivity.

Early to rise- A winning habit

Waking up early is a personal habit that has all the plusses on its side. You need not necessarily go to work that early. It’s a habit that gives you more time for personal care, like mediation, exercise, walking,…

Read More
Growing a Business

Leadership Qualities that can make you an Icon

post-image

You may have reached the leadership position through sheer dedication to performance and a do or die attitude . Now that you are at the top, your viewpoint needs to change. You have to now be a role model, one whom others will look up to and follow. Here are some tips that can shape your leadership and management skills

Be Competent: Employees will look up to a leader who has good industry knowledge and management skills. If you do not possess these skills you should surround yourself with knowledgeable people who can offer good counsel. Competence is a trait all employees will admire.

Be Trustworthy: No one will look up to a person they cannot trust. Your employees will want to rely on you and count on you. In difficult situations, leaders are expected to apprise their employees of the situations and find solutions on how to address…

Read More
Raising Money

Are You offering Your Services Using the Right Pricing Strategies?

post-image

In these times of fierce competition, business people , mostly those that offer services and belong to the service based industry, are finding it a challenge to implement the right pricing strategies. It is virtually a struggle to set the right business price that will retain and attract the customers, and not drive them away. Follow these tips, the crucial dos and don’t s and you may be in a much better position to offer your services at the best price.

Maintain your Business identity and Dignity

If you are offering a unique or special product or service, don’t underrate it just because you want to build a better relationship with the customer. This will just cheapen your offering as another run of the mill. If its something special you are offering the customer, then communicate this fact to the client and get the equation right with the most…

Read More
Raising Money

What is a Fair Wage? How Do you Assess Fair Wage?

post-image

How do you figure out a fair wage?

This is a very common question for startups and small businesses. They can’t seem to decide or understand how to set wages and manage reputations at a time. They are determined to pay well but they also have to think about encouraging their employees to stay with them for a long time. This is why there is a need to think strategically.

Listed below are a few expert tips to help you decide:

Don’t Focus Only on Money

Money should never be the main focus for you or for your employees. You should decide on the wages in such a way that your employees are tied to your business. When your business does well they should be able to taste that success and vice versa.

Also, think about additional perks such as exclusive benefits and time off. Many employees value this more than the overall…

Read More
Raising Money

Tips to Winning Hard Negotiations With Ease

post-image

While some negotiations are easy, others are quite hard to win. If you stumble you will lose.

Whether it is a potential client or an investor, negotiations can be very tough and frustrating. The problem is that the moment you let your frustration overwhelm you, you will lose the deal and you will give in to whatever is being offered to you. In order to avoid that, here are tips to overcome tough times and to win even the hard negotiations:

Research!

Know your opponent as well as possible. This is the rule no matter what you do. You should understand your opponent to the T. Who the person is, what his culture is, what he thinks, what he stands for, how is his network, etc. are the questions you should ask yourself and answer through research before meeting up for the negotiation. Understanding the opponent will give you a great advantage.

Walking…

Read More