Saturday, March 16, 2013

The Face of Small Business in 2013




13 may be generally regarded as a horrendously unlucky number, but it does not necessarily mean that 2013 is going to be a bad year for everyone. Especially for small businesses, the New Year comes with the promise of great new trends, but not forgetting of course the threat of new problems and disasters business owners may be faced with. So what are entrepreneurs and businesses faced with for 2013? What are the different trends to be excited about as well as issues to prepare for in order to ensure a productive and successful in this year of the snake? Let’s look at a few of them.

Resilience.

Living in a disaster prone area can show you the many horror stories of small businesses literally crumbling down into failure. A building can be destroyed in a matter of hours, if not minutes, and that’s really just about how long it takes for your small business dreams to be destroyed as well. In the wake of horrible disasters such as hurricanes and tsunamis, entrepreneurs are striving to make their businesses more resilient so that they could bounce back from almost any dilemma that they face. It is, after all, the more agreeable alternative to rebuilding over and over again every time the weather turns for the worse.  2013 is for more resilient businesses.
Mastery of social media.
Learning how to navigate through social media sites is not hard, not in the least. Even 8-year-olds can set up an account and start cruising through Facebook and Twitter without as much as a batted eyelid. It starts to get hard when you start using these sites for marketing, because then you start considering factors such as post quality, schedule, and many others. Currently, there is something akin to a race going on, a competition for the mastery of social media, and whoever manages to rise above the random tweets and successfully bring together their social media efforts would have a lot to celebrate about for 2013.

Onshoring.

Through the years, it has become normal to outsource manufacturing as well as services to other shores. However, the winds have shifted once again and manufacturing is increasingly being reclaimed back into U.S. factories. A lot of factors have come together to bring about this trend, including rising costs of labor overseas as well as rising costs of fuel. Small businesses are at the forefront of this “onshoring” as it is called, especially since they make up a good portion of U.S. manufacturing. 

Booming unskilled workforce?

It is harder than ever gathering together a team with advanced skills in certain areas, especially since a slight move away from specialization towards being a “jack of all trades”. This brain drain is definitely one big issue faced by small businesses in 2013 as the struggle to find qualified personnel becomes more of a challenge. Only time will tell whether the demand for skill would slow down enough so that people can have a chance training and learning to fill the vacant positions for skilled personnel.
That’s only four of the different trends in small business for 2013. What do you think your own business would be faced with for this year?