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Thread: Five global small business trends

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    Five global small business trends

    Technologically Driven Business: Future business relies heavily on technology. Instead of a medium innovation has turned into a necessity as well as competitive advantage in driving business growth. Most importantly technology will enable borderless trade, utilization of geographically spread human resource as well as tapping diverse markets. But the most important use of technology lies in decreasing cost of business operations, which is so important for small and medium business.

    The Global Entrepreneur: the present entrepreneur thinks not just locally but globally. High on innovation and using internet reach the present business environment is deeply rooted in the way social application of the online media is used. Besides even traditional products is having wider reach. And these are not capital intensive.

    Effortless IT management: Gone are the days when for running a software you needed a whole gamut of associated IT infrastructure, servers, Backup facilities and security tools. Software as a service allowed you to get to use the software without actually using them. And now cloud computing enables deliverance of Hardware as a service as well. This minimizes the local IT infrastructure investment as well as scalability easier to achieve. Business applications such as accounting applications, tax applications and CRM application are now preferred to be hosted.

    Social media: The effectiveness of social media for brand building as well as creating new markets has been proved beyond doubts. So it’s not strange that most of the business is now having presence on the social networking sites for lead generation, job placements and researching the market trends. Social media marketing has also picked up fast.

    Online Training and professional Education: Small business are now utilizing the low cost yet highly personalized, specific and low-cost online training courses and programs to help them improve productivity and employee management.

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    Dave A (13-Jan-10), wynn (14-Jan-10), Yvonne (21-Jan-10)

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    Sure, and now even SEO's need an HR/labour lawyer/ website guru and a health and safety consultant as well...probably good money there as well

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    i am very much agree with the five points you described here.this are the point which a company must follow to get success .good post you have made and made me to post a positive comment on it...

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    Platinum Member desA's Avatar
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    Now, how can these five points be translated into action?
    In search of South African Technology Nuggets(R), for sale & trading in South East Asia.

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    Quote Originally Posted by desA View Post
    Now, how can these five points be translated into action?
    Definition of motivation - made from two words a MOTIVE with an ACTION
    Anthony Sterne

    www.acumenholdings.co.za
    DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form.

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    Good list of global business.

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