Sunday, February 25, 2007

The Ever Changing Small Business Arena!?!?

Recently a study was conducted by Intuit and the Institute for the Future says that the next decade will introduce an “era of economic decentralization” and the small business owner will look quite different than the current. By the year 2017, the study states that the small business owner will be more diversified than ever before. In particular the small business owner will include:

Professional Women tired of hitting the glass ceiling
Immigrants
“Mompreneurs”
Baby Boomers not ready to retire, and
Generation Y-ers

This comes as little to no surprise to me. In the current small business arena, these trends have already begun. With the introduction of technology, a small business owner can reach customers worldwide and this entices many diverse groups into owning their own business. I currently speak to numerous individuals that are planning on starting a business and many of them do fit in the previous categories. Diversity in the small business community will be an exciting event in the next coming years, and it will be exciting to see how these new entrants keep their Business N Synergy.

For more information regarding Intuit’s small business study, check out the following link:

www.intuit.com/futureofsmallbusiness/

Brian N. Stovall
www.thebricogroup.com
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