Predictions for 2009
For businesses in general and for those businesses that fall under the umbrella SMB, 2009 will be a turbulent year. Here are 5 predictions of mine for 2009.
Social Networks will be used for business
MySpace is already being used by business as a place to advertise to the youth. But i really wonder how much of that money is being spend with little return. I think that advertising will be down, but sites such as Twitter (to be used as a way to get information out to those interested in what you have to say or sell) and LinkedIn (A way for businesses and business people to network) will grow.
Technology and technology change outs will advance more slowly
This will happen because businesses will not jump on new technology simply to be the first one to use it. Older, solid performing product will be asked to last just a little bit longer.
Telecommuting will be used less
Some businesses already wonder if they are getting full value out of their telecommuters and managers will want to keep a more watchful eye on their employees.
Nortel will be bought or merged
Look for a company such as Verizon to make a bid to buy out Nortel the struggling telecommunications equipment provider.
Internet marketing will grow
As brick and mortar stores close more people will need to go online to purchase products that they need. Some smaller brick and mortar establishments will be able to build their online presence and fill that gap.
Whether I’m right or wrong, it will take to the year to past to discover. One thing for certain though, I am sure to be one or the other.
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