The Next Frontier for Small Business – What the Future Holds for 2022 & Beyond
Small businesses continue to be a driving force for innovation and growth in the United States. In 2022, it is estimated that small businesses will create 1.9 million new jobs (U.S. Small Business Administration). In terms of gross domestic product (GDP), small businesses are expected to contribute an estimated $2.0 trillion to the economy in 2022.
These trends indicate that small businesses will continue to be a vital part of the American economy in the years to come. Whether you’re a pool service company, a home watch company, or a similar type of service business, the value of working as a small business owner can be very rewarding.
The growth of the gig economy presents new opportunities for small businesses, as more people are looking for flexible work arrangements. It is estimated that by 2027, nearly 73 million people in the United States will be part of the gig economy (Upwork & Freelancers Union, 2017). As the gig economy continues to grow, small businesses will need to adapt to attract and retain top talent.
The next frontier for small business is always just around the corner. Whether it’s a new technology, a new market, or a new opportunity, there’s always something new to explore. And that’s what makes small businesses so exciting — they’re constantly on the forefront of change, innovating and adapting to whatever comes their way. What does the next frontier for small business look like?
Here are some trends to watch out for in 2022 and beyond:
- Small businesses will continue to be the driving force behind innovation.
- New markets will open as the world becomes more connected.
- Sustainability will become an increasingly important factor in business decisions.
- The gig economy will continue to grow, giving rise to new opportunities for small businesses.
- Small businesses will need to adapt to the changing landscape of work as more people work remotely.
By being aware of trends such as these, small businesses can prepare for the future and take advantage of new opportunities as they arise. And these are just a few of the trends that we think will shape the next frontier for small business. Whatever comes our way, we’re confident that small businesses will be ready to take it on.
In conclusion, small businesses play a vital role in the economy, and their impact is only expected to grow in the coming years. Small businesses are the backbone of the American economy. They create jobs, spur innovation, and drive growth. Keep an eye out for the latest up-and-coming trends so you can capitalize on them and ensure your small business is ahead of the curve.
If you’re thinking of starting a small business, or if you already have one, make sure you’re prepared for the future by keeping these trends in mind. As the world changes, so too must small businesses. By staying ahead of the curve and being prepared for whatever comes their way, small businesses can continue to thrive in the years to come.
To learn more about how to make your small business a success, contact us at 239-349-9400 or email hello@provalet.io. Provalet.io is a powerful and simple software that helps you run your field service company. With its user-friendly interface, you can manage your business without relying on pens, paper, or binders. Keep your business organized and running like a pro with Provalet.io.
This ProValet.io Blog Post is Part of a Series Designed to Help Small Business Owners
Manage Their Field Service Software and Keep Their Business Running Like a Pro