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Top 3 Small Business Trends for 2010

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There are small business trends that shall occur in 2010, which experts agree upon across the board.  Here is an outline of a few of them to keep in mind while going forward.

Think About Senior Citizens

Any service that handles aging health issues, prevention and care will continue to rise in 2010.  For instance, vision correction surgeries, cosmetic treatments, and technical assistance provided for elderly care are going to be very profitable businesses in the upcoming year.  This is great news for those already involved in this industry.  If you are not in a service directly linked to the aging population, then think about what products you would be able to provide for this target market.  It will be the way to go.

Go Green

There is something to be said for “going green” and it does not have to solely do with the environment.  “Going green” is a financially successful industry, even during a recession.  There are many government incentives enabling companies to implement clean energy encouraging a rise in businesses in discovering renewable energy, and shall do very well in the years to come.  “Going Green” is something small businesses need to think about when remodeling business plans.

Pets Come First

Regardless of cutting back expenses on ourselves, it seems people are not cutting spending on their pets.  The pet industry is the one industry not affected from the recession and this is a worldwide phenomenon.   In America, according to the American Pet Products Association, total pet spending in 2008 topped at $43 billion.  In 2009, the approximate figure is $45.4 billion.  In 2010, the numbers shall increase.  Thus, start thinking about how your small business is able to benefit too.

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