By the time the fourth quarter rolls around, it’s usually a good idea to start looking ahead to the next year. Never ones to pass up on our own good advice, we’ve decided to do just that.
2013 is a year of great promise and great uncertainty for small businesses, and there’s a healthy mix of trepidation and an eagerness to expand that will make things interesting. Some businesses are still struggling, others have never been more successful, and so lenders, consumers and the larger small business community must help them to decide whether it will be a successful year or not.
We want to know the answer ourselves. With an election looming, a slow but steady economic recovery continuing and plenty of chatter about how the stock market will hold up, it can be difficult to find an answer. Yet we still find reason to be optimistic.
The reasons for that are myriad, but easy to find. Lenders like our friends at Direct Capital have reported increasing growth in lending volume this year, the latest jobs report has the unemployment rate at 7.8% and small businesses have been tackling more projects this year than any time since the recession began. All that suggests that barring a major U.S. or global economic meltdown, good things lie ahead.
Stay tuned as we dive into the forecasts for 2013 over the coming months. How do you expect your business to fare in 2013?
Photo credit to iStock