The only thing constant is change. Without it, there would be no progress. And the nly way to capitalize from change is by taking advantages of trends.

Mentioned below are some of the key trends that are worth looking out for in 2016:

The Boom of On-Demand Economy

The rate of self-employment is on the rise, and sadly, the SMEs in the U.S are contributing little to the country’s GDP. During the 2002-2012 decade, the contribution of SMEs to the GDP dipped from 48.3% to 44.6%. Simultaneously, the ratio of self-employed contractors rose to over 14%.

A major reason behind this trend is the growth and expansion of the freelancers who are brewing from a multitude of platforms that links people and work – from designing to transportation, content, and cleaning services. In a nutshell, this is the period of growth for the on-demand economy.

Throughout the year, we will witness how technology assists in making the freelancing market more efficient, soaring productivity in this segment.

The Dip in the Cost of Technology Will Make Life Easier

Not long ago, businesses paid huge sums of money for data analytics. Automations and other technological innovations could only be accessed and afforded by big companies. This will no longer be the case because the dip in the cost of technology will give greater access of tech-innovations to smaller businesses. SMEs will have the right to use to data, automation and analytics mediums with full grace, conviction and affordability.

At present, an SME can state the derivation of their interest and respond to uncertainties that were impossible without the implementation of infrastructure worth millions of bucks.

The Funds Will Squeeze

Generally, no prominent moves are undertaken in the United States financial markets throughout the election years.

However, if interest rates increase, all investments other than stocks will become lucrative. This is of key significance for businesses as they keep a huge chunk of their savings secured in stocks. On the other hand, if the interest rates dip, this will an ideal time for borrowing.

Nevertheless, since legislation from Washington is least expected this time around, the estimations are that the economy will persistently have a moderate growth of 2-3% in 2016. While Washington’s major issue was the repayment of the government loan, the settlement date has now been stretched to March 2017.

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