5 Small Business Trends for 2021

by Paige Smith

If 2020 was a year of disruption and transition for small businesses, 2021 will be a year of continued evolution. To help you prepare, we talked with a handful of business experts about what to expect in the coming year. Here are six business trends and changes to look out for:

1. Remote work will be the new normal 

The number of remote workers around the world has been steadily growing for years, but 2020 saw a steep increase. Currently, 42% of the U.S. workforce works from home full time, according to a 2020 report from Stanford University.

“I see a permanent move toward online and remote work,” said Michelle Diamond, the CEO of Elevate Diamond Strategy, an advisory firm that helps companies with growth strategy and execution. 

“Many businesses have figured out how to run their companies successfully in this new paradigm. And because of this, the model will remain after COVID-19 and beyond.”

Remote work can be challenging when it comes to collaboration and communication, but the majority of remote workers appreciate the flexibility working from home provides. Plus, remote work means fewer overhead costs. Without an office space to pay for, you could build up your company savings or reinvest money back into your business by upgrading your software or increasing your digital marketing. 

Read entire article at Fundbox: https://fundbox.com/blog/2021-small-business-trends/