Anticipating Trends for Small Businesses in 2017

September 9, 2016 | Entrepreneurship

trend-1445464_1280.jpg

Ready to Get Started?

Contact Us Today

The year 2016 isn’t even over yet and we are already busy making predictions for 2017. And at least we can say is that the coming year is going to be a promising one for small business owners and the entrepreneurs. Advancement in modern business practices and technology is going to give small businesses the chance to develop low-cost, enterprising products and services. Internet marketing, ecommerce and social media, all will empower your business to reach out to potential customers sitting in untapped markets all around the world. Staying informed of such trends is crucial for businesses to maintain relevance in the dynamic world of commerce.

Let us take a look at some of the emerging small business trends that highlight the growing prominence of EMV (Europay, MasterCard, Visa global standard for payment), ecommerce and role of millennials in the coming months.

1. Rise in Popularity of Virtual Offices among Millennials

With the oldest members entering their early 30s, the millennials are re-inventing the way businesses manage their workplace and employees. Apart from success at work, millennials demand comprehensive collaboration and opportunities for growth along with a seamless work-life balance for comfort. They effortlessly adapt to new technologies and practices. The millennials are more conscientious about their work ethics and value quality above all. In an effort to maintain a happy work-life balance, they actively look out for workers as well as workplaces that help meet their ideals. From online meetings to web conferencing services, this generation prefers to use technology to manage and coordinate work in the most convenient fashion. This smart generation believes in cost effectiveness and, thus, the rise in popularity of part time and virtual offices.

Virtual offices is going to be the buzz word in 2017 as a larger number of SMEs and entrepreneurs are likely to opt for this arrangement, thanks to its provision for a professional business address at prime locations, flexibility in renting, local phone number and phone answering services and a plethora of other amenities.   If you too seek a virtual office in Markham, click here.

2. Increase in E-commerce Transactions to Raise More Players

Online stores that allow electronic commerce transactions draw Internet users to the virtual world in masses. Retail spending is on an upward incline, and shipping fees is a driving factor in the decision-making processe. For 2017, e-commerce via mobiles (or m-commerce) –and social ecommerce will drive the markets. As per a report by Forrester states the mobile payments in the US itself will generate $142 billion. So, a bevy of businesses will be buying online. And where there is huge demand, suppliers can’t afford to lag behind.

Since not all ecommerce websites and app owners will be well-established by then (some will be start-ups waking up to the trend), the not-so-early birds would need an official base to work from, without breaking the bank. They may then move into part-time offices for a temporary duration and when they grow (or downsize or shut down, depending on their business’ performance) they will enjoy the flexibility in the arrangement of such a short-term agreement.

3. EMV Payment Security for Businesses

Security for businesses and their customers will be a top priority in 2017. Europay, MasterCard and Visa (EMV) is critical to business security in 2017. National migration to the EMV payment standards (recognized by microchip credit and debit cards) will be here to safeguard small businesses and their customers against scams. If by next year your organization still agrees to face-to-face transactions minus EMV, you may lose credibility amongst your customers and face serious financial threats. The next time you accept payments or make them, on office space or meeting rooms, for instance, make sure you secure the transaction by using the new standard practice of EMV.
So which of these small business trends is your business following next year? Hope you can adopt at least one of them to give your business a boost in the near future. Rest assured, a part-time, full-time or virtual office space by Officescape can help your business grow while keeping the expenses in check and maximizing the benefits and other utilities.

Share This Post:

  • I can’t go with any other choice...

    When I started my engineering business 4 years ago, I was looking for a space where it’s cost effective and at a prime location. It was a challenge! This is the best I could find, close to my home so the driving was faster, also the reception is exceptionally good. When you walk in the office, the welcoming atmosphere, the options I have here, I can’t go with any other choice.

    valluvan.jpg
    Valluvan AlagirisamyInspar Inc.

  • You have the necessary simple structure which allows you to focus on your day to day job.

    We’ve been doing this for almost 8+ years on a full-time basis, and I’ve been with Officescape for just over 5 years at this point. Pretty much the length of our practice, we’ve been part of a certain shared office center. With Officescape, you get the advantage of amazing office space, professional staff to greet your clients, and not worrying about unnecessary procedures. You have the necessary simple structure, which allows you to focus on your day to day job.

    purvish.jpg
    Purvish ShahAdian Professional Services

  • It’s very professional and they don’t even know that its not our office!

    We started using Officescape primarily because we needed an address for mailing purposes and for our product. I use them for meeting rooms as well, when I bring my buyers in. It’s very professional and they don’t even know that that is not our Maxell office. It’s important for us to keep our profile image. Having a company in Canada for 16 years, our buyers are coming into our offices all the time, we still needed a space to have that place for our buyers to come visit us and vice versa.

    lynn.jpg
    Lynn LangMaxell

  • My experience has been very positive!

    I chose Officescape because the staff are really friendly, I found them really helpful and really resourceful. I also find the building to be really clean and really bright, I like some of the architectural design. They always greet my clients very friendly, always offer them coffee, tea, water and always say goodbye to them when they leave. My experience at Officescape has been very positive!

    ellen.jpg
    Ellen BradleyIntegrative Counselling Services

  • This is the perfect facility...to run your business

    I had the opportunity to use the Officescape location in Markham while working on a consulting project. Dave provides a top notch facility with excellent offices, boardrooms, connectivity, service and yes... great coffee. This is the perfect facility in Markham to run your business, meet your clients, and brand your company. Congratulations Dave on providing a much needed service to the business community.

    Mark FriedbergCognovative Business Services

Close this Popup

Get in Touch

Please use this form to inquire about our services, packages, or availability, or give us a call at 647-696-7418 or 1-855-933-0045.

First Name*
Last Name*
Email*
Phone*
Reload
Captcha
Close