Exploring the Top Very Small Business Trends for 2021 and Beyond
Small businesses are the backbone of economies worldwide. In the US alone, small businesses account for over 99% of all businesses and create nearly two-thirds of the country’s net new jobs. Small businesses are projected to play an even more critical role in society going forward, particularly in light of the COVID-19 pandemic. In this article, we explore the top very small business trends for 2021 and beyond.
Health and Safety
COVID-19 has brought health and safety concerns to the forefront and it’s here to stay. Small businesses must take extra precautions to ensure their workplaces and customers are safe and comply with federal, state, and local guidelines. Business owners should prepare health and safety plans, offer virtual and contactless services, and provide personal protective equipment (PPE). Going forward, it will be important to prioritize health and safety concerns in all business decisions.
Remote Work
The pandemic has accelerated the adoption of remote work. Small businesses are discovering that remote work is practical, efficient, and cost-effective, and they are embracing this trend. Small business owners should provide adequate support to their remote workers and invest in technologies that facilitate a seamless experience. The shift to remote work is likely to continue even after the pandemic, as it offers more flexibility, opens up a wider talent pool, and reduces overhead costs.
Digitization
The pandemic has also revealed the importance of digitization for small businesses, with online sales skyrocketing. More small businesses are digitizing their operations, from marketing and customer service to internal workflows and processes. Small business owners should invest in technologies that digitize their operations, provide online sales and services, and enhance their online presence. Digitization is here to stay, and businesses that fail to adopt it may struggle to compete in the future.
Sustainability
Sustainability has become increasingly important for consumers, and small businesses should also prioritize it. Small businesses should find ways to reduce waste, lower their carbon footprint, and engage in ethical business practices. There are numerous ways small businesses can become sustainable, from sourcing eco-friendly products and materials to reducing energy consumption and using alternative transportation. By becoming sustainable, small businesses can appeal to conscious consumers and also save on costs.
Conclusion
The COVID-19 pandemic has upended the traditional way of doing business. Small businesses must adapt to these changes and embrace new trends in order to thrive. Health and safety, remote work, digitization, and sustainability are some of the top very small business trends for 2021 and beyond. Small business owners who prioritize these trends will be better positioned to succeed in the new normal.
