The 3 biggest business trends we’ll see in 2020

Image source: allbusiness.com

And, just like that, after the confetti had fallen in Times Square for the traditional New Year’s celebration, the world had entered a new decade. If you’re a net worth-minded person, you’re probably thinking of what 2020 will be like in terms of business trends and opportunities. Steve Sorensen Networth
After some analysis on our end, hereunder are three of the biggest shifts you’ll see happening in the next 11 months.
The gig economy will continue to grow
In 2019, we’ve seen startups suffer a blow when WeWork failed to launch its IPO and raised an S.O.S flag to Softbank. Despite the freeze the overvaluation and the catastrophic fall WeWork has wrought, we will still see businesses using this model prosper as more and more workers and employers seek flexibility in work hours and hiring. Steve Sorensen Networth

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Image source: cdn.business2community.com

Change and impact will become key areas for companies
Climate change, #MeToo, and social movements in Chile and Hong Kong became hot topics for conversation over the internet and the world. Given how passionate the younger generations are about environmental impact, gender equality, and freedom, consumer preference will swing to companies and brands, which show that they care about these issues. Steve Sorensen Networth

Personalized connections with customers will become factors for success this year
Small is beautiful will apply to customer service and marketing. Consumers will less likely be swayed by big-budget ad spends and more on customer reviews. Your customers will also continue patronizing your business if you provide a more human touch to serving their needs. This means you should use AI and chatbots less if you want to keep engaging your slice of the market. Steve Sorensen Networth
Just follow these tips and your business can gain the headwind it needs to sail smoothly into the new decade.

Author: Steve Sorensen Networth

Hello there. I'm Steve Sorensen, a Des Moines-based investment strategist and business blogger. Welcome to my business blog. I received my degree in business from Iowa State University. I do a lot of research on many of the world's most successful companies, in particular on how they built up their net worth over the years. Not only do the success stories of Fortune 500 companies fascinate me so, they also provide a framework to analyze the potential growth outlook of many companies. This assists me in helping my clients find the right mix of companies to add to their portfolios. I spend my weekend downtime keeping fit by playing tennis doubles with friends. I enjoy country music and like to keep updated on the country music festivals. Check back from time to time to see what I've written about.

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