If you feel like 2018 flew by in what seemed like the blink of an eye, you’re not alone. It seems to be that, the busier we are in our lives, the faster we perceive the passing of time. In the case of a small business owner such as yourself, we’re willing to wager that you’ve been incredibly busy over the course of this year. We haven’t even included the entire month of December, a time of year where most small business owners are the busiest they’ll ever be.
Working Capital Solutions For The Holidays
During a time of year where holiday festivities are neigh and the subsequent holiday stress levels are high, it’s important to know a couple of things. The first is that, if you’re in need of a small business loan to help finance day-to-day operations up until Christmas (and beyond the holiday season), The Commercial Finance Group has your company’s back thanks to our flexible approach to lending that allows you to augment growth, accelerate equity value, and gain rapid access to capital.
When the banks tell you that it’ll take multiple months to receive the funds from your loan, know that we can do it in a fraction of the time.
Taking Care Of Yourself As A Burgeoning Entrepreneur
The second important item to note in light of holiday stress is simply to take a little time for yourself. Even if you spend a little leisure time catching up on articles, taking a power nap, or just taking a walk around the block, anything conducive to stress reduction is time well spent during this hectic time of year.
If you’re as interested as we are about industry trends and news items surrounding the future of small business, you’re in the right place. Keep reading below for several points related to the face of small business in 2019.
What Will 2019 Look Like For Businesses?
The Customer Will Continue To Gain Power
The phrase “the customer is always right” is nothing shy of a lie coming from the teeth of a jaded retail employee, but what’s true is that market expansion in many industries has led to an unprecedented amount of choice for the consumer. As shoppers become smarter, lazier, and more efficient, they’re looking for companies who provide their products or services in a fast, seamless, and personalized manner.
2019 will bring with it a continued emphasis on the customer’s user experience. In the age of startups, we’ve already seen a number of consumers switch over from big box companies in favor of smaller startups that offer a personalized, heartwarming touch to their business.
Remember, in just about any market, more choices breed higher levels of competition. The standards for businesses will be set higher than ever before by consumers.
User Reviews And Testimonials Will Continue To Reign Supreme
That’s right. From products on Amazon to car wash businesses and commercial cleaning services, people want the most of out their dollar and will continue to shop skeptically in order make sure of what they’re purchasing. Moreso than product specs, flashy ad copy, or clever designs, people care about one thing more than anything else: other people’s experiences.
While a company must keep PR in mind and only market a positive image of themselves, customers can be completely honest about their experience. The result? It’s holding companies more accountable than ever before. A one-star rating on any review platform can look really bad for a local business, even if their reputation is largely established.
Voice Search Will Continue To Increase In Popularity
Voice recognition technology is far from perfect, and though it’s far from outright replacing text-based search queries, it’s also getting a lot better. When more people begin to realize that voice searches actually recognize a user’s voice and accurately inputs what they’ve said, they’ll definitely begin using it more. After all, we can talk faster than we can type.
Voice searches also make sense when people are driving. While a driver’s focus should be entirely on the road and not spent multitasking in their vehicle, smart voice search technology should help reduce the number of accidents as a result of manually inputting something into their phone.
An Increase In Mobile Banking — And Mobile Cyberattacks
The cybersec field is sure to grow exponentially over the next several years, given that our world is increasingly relying on data-driven processes to conduct day-to-day business and personal affairs. In fact, you can likely anticipate ample growth for cybersec companies for the next several decades.
Mobile banking attacks are just one example of cyberattacks, but as users continue to deposit checks, monitor account activity, and execute transactions on mobile applications, the need for increased security will only get stronger. With payment services offered by Facebook, Snapchat, Amazon, Apple, Google, and so forth, this is even more of an important and relevant matter.
Your Source For Working Capital Solutions Starts — And Ends — With CFG
There’s a lot of promise for small businesses in 2019. Our small business lending company in Atlanta and Burbank is ready to help your business achieve new heights in the coming year, but if you need help here in December, The Commercial Finance Group is also here for you.
Through factoring and asset-based loans, you won’t need to wait on payments from vendors, suppliers, or other parties. Instead, you can focus on what needs to be done because you’ll have the capital to do it. How great is that?
Don’t hesitate to contact The Commercial Finance Group with any questions.
