Trends in Small Business

Some excellent observations over at Trend Tracker. Two in particular shot me right between the ear lobes: Graying of Small Business and Small Businesses Go Virtual. Not only do I fit into these trends, but so do many of my vendors, subcontractors, and clients.

I had a tech company that leased thousands of square feet of space to house 25 employees. Most of the time the office was empty because technologists and consultants were working with clients. And when they weren’t at a client site, they were on the Internet attached to the client’s network or with clients via collaboration software. Why not go virtual. I’m thinking how much money would be saved without the trappings of an office.

Even if you need the space for manufacturing, inventory or other services, does everyone need to be on site? How much of your administrative work can be done virtually? What a great way to reduce costs.

My dad’s been retired for twenty years now. He retired at 65 years old. He still stays busy with the house and landscaping, but I know if my health holds out I’m going to be at this keyboard contributing to another generation of entrepreneurs. I just can’t imagine becoming a shuffleboard champion.

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