Small Enterprises Win Big with New Business Trends

Small Enterprises Win Big with New Business Trends

An article on www.business.com titled “The State of Small Businesses in 2015” (Scuteri, 2015) posted last May 2015 shared the reports by Capital One and The Hartford Financial Services stating that “50 percent of small business owners say current business conditions are excellent or good and 77 percent of small business owners feel their business operations are successful.” Many believe that small businesses will continue this upward trend of success in 2015. With the new movements emerging in the business arena, the future looks brighter for small businesses.  These trends promote teamwork, productivity, efficiency, affordability, and growth. Learn more about them and see if your business has already embraced any of these trends. If not, maybe you’ll find something new that will work for you. Here are some of the business developments that are seen to benefit small enterprises. Corporate Social Responsibility: We have seen how businesses, big or small, have shifted its focus from solely centering on profits to now integrating social responsibility in their business model.  Today’s customers also tend to support brands or products that are active and successful in their corporate social responsibility (CSR) efforts. In the perspective of small businesses, aside from engaging members of your team, community building activities help shape and strengthen your team, and provides an opportunity for them to learn the value of working together. The activities also help establish a harmonious relationship between employees and their bosses.  And if you’re in a small organization, you would know that having good working relationship contributes significantly in the team’s productivity. CSR activities also contribute to building your business’ goodwill.  For small...