CBS Shares Top 10 Small Business Trends in 2017

CHICAGO - April 17, 2017 - PRLog -- Consultants with CBS are advising small business owners on how to best anticipate and address changing trends in the business world. According to veteran consultants at CBS, these are the top 10 trends small business owners must watch out for in 2017:

1. The e-commerce sector is becoming more competitive

The e-commerce market was highly saturated entering 2017. The e-commerce sector is growing remarkably well and more and more investors are chasing this market. As the year progresses, the market is expected to become even more competitive as a result.

2. Narrow focus to find success

This year, niche companies are the best positioned to find success within various industries. The narrower the focus of the company is, the easier it will be to customize marketing messages and offer specialized services.

3. Crowdfunding will overtake investments

The most popular way to finance small businesses nowadays is via crowdfunding. As investors become less enthusiastic about taking on new risks, crowdfunding platforms such as Kickstarter and Indiegogo have stepped into finance many small businesses.

4. Businesses are already adopting cryptocurrencies

Both small businesses and consumers are embracing cryptocurrencies like Bitcoins to conduct transactions. As the year progresses, it's expected to see more online retailers offering transactions in Bitcoins.

5. Expect on-demand business models more

Thanks to the success of companies like Uber, Lyft, and Airbnb, the on-demand business model is on the rise. Even some B2B companies are adopting this model.

6. Freelancer support is growing

Freelancers are replacing full-time employees for many companies nationwide. As this segment of workers has grown, support services for them have also grown. Many companies are offering support services like extra payment options to attract freelancers.

7. Businesses embrace artificial intelligence

Businesses are rapidly using software enhanced by artificial intelligence and machine learning code. Businesses that want to stay competitive will have to invest in AI in the future.

8. Companies with the latest online payment options have the advantage

Consumers are seeking more options when shopping online. Therefore, companies that offer numerous online payment options, including Bitcoins, Google payments, and bank transfer, will have the biggest edge in the web-based economy.

9. Reduced human labor for marketing

Marketing automation is fully being rolled out this year. Most functions associated with the advertising process, such as posting on social media, sending email newsletters and so on, can now be automated. This will reduce the human labor required in the marketing process and save businesses a significant amount of capital.

10. CRM is making customer relations smarter

Companies are unveiling new customer relationship management (CRM) software that is based on machine learning algorithms. These programs are "smarter" in the sense they can sort through highly complicated data collections. As a result, companies have better data sets to engage customers with.

CBS consultants can analyze businesses and recommend changes to better adapt to changing trends as the ones mentioned above. More information regarding services provided can be found at cbs-cbs.com (http://www.cbs-cbs.com/).

About Corporate Business Solutions:

Corporate Business Solutions is a veteran business consultancy firm based in Schaumburg, IL. The company provides business analytical and management consulting services in company reviewing, business consultancy, long-term tax planning, and other services. CBS services are specially designed for small and medium-size businesses. All CBS business consultants are highly experienced in their respective fields. The company offers on-site, hands-on recommendations so that small companies can optimize their profit-generating ability.

Contact Corporate Business Solutions 800-531-7100