Opportunities for Small Business on the Horizon

In a recent paper released by the Small Business Administration (SBA) Office of Advocacy, entitled “Looking Ahead: Opportunities and Challenges for Entrepreneurship and Small Business Owners,” author Chad Moutray  identified five opportunities coming in the next decade that small business owners can look forward to. Investment in Technology and Innovation Increasing With strong ties between innovation and business creation, government is recognizing the fact that entrepreneurs with seemingly risky ventures can have a positive impact on local economies. "Economic Gardening" Becoming More Prominent The practice of "economic gardening"(spending money on promoting existing, local business instead of trying to woo large corporations to town) is being seen as a better long term solution to local job creation.International Markets-The Final Frontier Within our current economic situation, the e... [Read Full Article]