The future is a scary thing, isn’t it? In 20 years, the world of small business could be very different from what we know today. According to experts, there are three predictions for 2030 that will likely change how small businesses operate in the future. Let’s take a look at them.
Many People Will Work Remotely
Businesses in 2030 may not need an office or physical location because employees can work remotely with laptops and other mobile devices.
Instead of commuting to work, workers can stay at home or in a coffee shop. Tech tools like Slack, G Suite, and Zoom will make it easy for employees to communicate with each other.
Technologies such as virtual reality and augmented reality will make working from office an unnecessary expense.
This will allow employers to save money by not having employees commute to work. People would be able to interact with other workers without being in the same location.
Since businesses will not have to pay for rent, they can save money and pass along those savings to employees.
This also means a more efficient world with a lower carbon footprint. The amount of carbon emissions that would be saved by having employees work remotely is huge.
By 2030, small businesses may not need an office or physical location because employees can work remotely with laptops and other mobile devices.
Gig economy to grow exponentially
The gig economy will grow exponentially with more than 34 per cent of workers working as freelancers by 2020 and 50 per cent by 2030, according to some estimates.
But sadly, not everything is bright about the future. Most people used to have stable jobs and were able to build a life for themselves based on that.
Unfortunately, the gig economy is not as stable and reliable as most people would like it to be which has led many experts to believe that there will be an even bigger shift in how we work within the next decade or so.
This is why it is important for small business owners to consider how they can accommodate this momentum and ride it.
There are many ways that you could do so, but the most effective way would be by embracing automation or delegating tasks that your employees traditionally did.
For example, using software like Slackbot will allow companies to outsource basic day-to-day functions of their operations while also freeing up valuable time in order to focus on more pressing matters.
So as the gig economy continues to grow, small businesses will have to adapt and evolve in order for them not only to survive but thrive.
This is why it is crucial that you start thinking about how your business could transition into a more autonomous entity because if you do not, then there’s a good chance that another company might swoop in and take over before you know it!
AI to be widely used
Artificial Intelligence (AI) and Automation Technologies such as content generators and virtual assistants will be very common.
Content generating AI that helps people write content is already becoming common.
The AI can create blog post titles, subheadings, and body copy to help marketers optimise their written content for search engines like Google.
Content generating AI helps marketers save time by writing SEO-optimised content instead of spending hours creating it manually.
This technology will only be getting better in 2030 and a lot of jobs will be lost to automation.
As a result, more companies will be hiring employees that can work in teams to use the AI technology and complete tasks together.
Small businesses may have chatbots with virtual assistants available for their customers to make it easier for them when they shop from the business’ website or mobile app.
So, instead of worrying about how to grow your business and meet the demands of a constantly evolving market, you can sit back and let machines do all that for you.
This is because these bots work 24/7 and 365 days a year which offers businesses much more opportunities than they would ever have with their traditional approach.
All in all, this trend will only continue as we move further into 2030, so it’s best to start thinking about ways you can benefit from such changes sooner rather than later. After all, the future belongs to those who are willing to embrace change.
(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.)