The year of 2016 has certainly had a lot of business trends spark in the United States. A big trend is amongst millennials who go into business for themselves. This is an age group that is currently between 17 and 34 years old. These are the young people who were hurt the most by the economic recession and have been struggling to find good jobs after they graduated from college. So what many of them were forced to do was go into business for themselves in order to make money for their survival. Thanks to the internet and e-commerce, starting a business is a very easy thing to do these days. Millennials have been able to become self-employed by making a living through various online platforms like YouTube, mobile apps, eBay, and more. Some have even become millionaires in the process. This trend is likely going to continue past the year 2016 because of the lack of job opportunities that are out there for them.
Entrepreneurs who want to think big are finding online lending options that make it easier to get their business idea into something real. Some of the biggest trending online lenders include Prosper, Biz2Credit and Lending Club. This takes a lot of the time out of having to go down to a bank and get interviewed by a loan officer. These online lenders make you fill out information about yourself and then a credit check will be performed to see if you are deemed trustworthy to have a business loan. There are also entrepreneurs turning to crowdfunding websites where people can donate money to their business idea. The two biggest crowdfunding sites are Kickstarter and Indiegogo. This has allowed many brilliant inventors and developers to obtain the necessary funds that would allow them to bring their ideas to life. Thanks to these funding sources, brilliant people from all walks of life finally have a chance to make their business dreams come true.
As for brick-and-mortar stores, they are starting to incorporate the newest technologies into their business practices as well. Most physical stores now have a website of some kind which promotes their business information. They may even sell products or services through these websites as well. Also, the use of mobile payments at cash registers is now catching on quickly. Instead of having to use cash or credit cards, you can now use mobile payment apps to complete your checkout. That way you can keep your finances safe and secured from thieves.