Despite trying times these days, many still consider today to be living in a “Golden Age” of sorts for small businesses. There is more opportunity than ever before, in fact. Technology, funding options, and other ways to connect locally and personally offer huge advantages over the past. Consider what small businesses in today’s world have going for them.
New Technology Abounds
Technology is growing and changing at lightning speed. Daily there are new apps, websites, gadgets and more that can help small businesses set up and run more effectively. From mobile payments to meetings, project management and more, there has never been a time where you could run a business virtually entirely remotely, until now.
This benefit of new technology increases the number and types of people that can easily start a small business. Stay-at-home moms, college students, retired people, people with disabilities, and anyone else who wanted too could start a business much more easily than in the past.
Advertising is also easier with the technological advances available today. Just think how the growth of social media has affected the small business owner’s ability to promote his/her company on a lower budget than ever before.
Better Cushion Against Turmoil Overseas
Brexit knocked public trading for a loop. The stock market was shaken, but small businesses barely felt it. Companies serving local communities with needed services and products are still doing well. Many are shielded from the need to increase prices due to the effects of global business turmoil on the markets, because they do not generally trade with foreign markets anyway.
Certain small businesses to stay afloat while publicly traded companies are struggling. They can stay better connected to their customers at a more personal level, which in turn helps customers feel more comfortable about spending.
Funding Options are Increasing
Once upon a time those who needed to finance a new business had to either find investors or get a loan from a traditional bank. These days, the options for investors and lending have increased dramatically. From crowdfunding to online lenders, the options are there, though not all equal in quality. The point is, whichever way you need to turn, and whatever your credit may be, there are more and better options for a broader range of needs than ever before.
Biz2Credit can help you when it comes to funding in this Golden Age of small business. Our network of lenders comes from a diverse range of lending options including banks, credit unions, online lenders and more. We can connect you with those that offer lending designed for the needs of your business. Visit Biz2Credit.com today for more information.