Small businesses are a unique and important part of the economy on both a local and national scale. These companies are often the hardest hit by recessions or economic downturn, as they may not have the necessary funds to withstand a decline in profits. So when small businesses are healthy, happy and confident, it is generally a sign that the economy at large is doing well.
In a new report from the NFIB Research Foundation, a sample of nearly 4,000 small businesses offered their opinion on the year to come. The results of the NFIB Small Business Optimism Survey were the strongest since October 2006 as the index rose 2.3 points to 100.4. It marked the first time the index reached its pre-Recession average.
These findings show that small businesses have emerged from the Great Recession and may be poised to expand their business – and just in time. Technologies and platforms are now available for small businesses to invest in as a means of improving operations, lifestyle and the bottom line.
New technologies for the small business
For a small company getting back on its feet following the recession and looking for a worthy next step, there are a few paths to take. A number of systems now exist that can benefit the organization and are versatile enough to adapt to nearly any business.
As the mobile device market expands, the Bring Your Own Device trend follows. Many businesses have opted to integrate employees' personal devices into company operations. These groups use BYOD as a means of giving their workers greater freedom and flexibility, all while cutting down their own infrastructure costs and requirements. A number of businesses have turned to a system of splitting the mobile bill with the employee for use during business activities, according to Cite World.
"This entire section of the market is completely new," Good Technology CEO Christy Wyatt told Cite World. "I think you're going to see a lot of different mobility strategies get implemented and experimented in the next 12 to 18 months. It's going to be a really formative time for this set of capabilities."
Equipment and business industry piece brought to you by Marlin Equipment Finance, leaders in equipment financing. Marlin is a nationwide provider of equipment financing solutions supporting equipment suppliers and manufacturers in the security, food services, healthcare, information technology, office technology and telecommunications sectors.