top of page
  • Writer's pictureSBDC @ JCC

Don’t Go into 2023 Without Considering These Small Business Trends

By U.S. Small Business Administration on November 18, 2022 Category: SBA News and Views

With 2023 just around the corner, you need solutions that account for the latest industry insights. The SBA can help you find them.

It’s difficult to understate all the changes the business landscape has seen in the past few years, and yet entrepreneurs have responded with incredible adaptability. Perhaps that is one of the biggest reasons small business owners are optimistic about the future. In fact, 66% expect revenue increases and more than half plan to expand their business in 2023. Plenty of challenges and opportunities lie ahead, both in day-to-day operations and in the long-term. It’s impossible to predict exactly what will happen next year. However, having well-informed expectations can help you stay ahead of the curve. Here are the trends the SBA is monitoring as we head into 2023:

  1. E-commerce and social commerce will continue to boom. There’s no denying e-commerce’s place in the market. More than half of global internet users buy something online every week. It doesn’t look like those numbers will be going down anytime soon. Experts forecast that the global e-commerce industry will grow to $8.1 trillion by 2026. Social media has also emerged as a serious player. With customers now buying directly on platforms such as Facebook and Pinterest, it could be time to adjust your sales model accordingly.

  2. But that doesn’t mean you should forget about brick and mortar. Our way of life may be increasingly digital, but the statistics don’t lie: 61% of customers still want to try products in person before buying. It’s all the more reason to think about your strategy from an omnichannel perspective. If you have a website, consider installing chatbot technology or optimizing for voice search. In-store, you can cater to customer expectations with services like self-checkout. After all, more than half of surveyed retail shoppers in North America have used it.

  3. Safety is important to your customers. Data collection is a real customer concern. Shoppers want to know that their information is secure, especially as online transactions become commonplace. You can protect your customers and build brand trust by doing the right things: using reputable payment providers, investing in fraud prevention tools, and installing a Secure Sockets Layer (SSL) certificate on your website — to name a few.

  4. So is sustainability. Environmental responsibility matters to today’s customer. In fact, consumers from every generation are willing to pay more for sustainable products. Furthermore, 76% say they’ve made a conscious effort to shop more sustainable products in the past year. Brainstorm ways to make your processes more sustainable, such as using low-waste packaging for your products.

  5. Customer experience is still king. Research shows that customers value experience over both price and product quality. Whether online or in-person, the customer experience has to be the focus of your strategy. Think of fun ways to personalize your in-store profile, such as hosting pop-up events. Online, it’s about creating an immersive experience. For example, if you sell clothes, you might invest in technology that allows customers to try on clothes virtually.

If you have questions about any of the above trends, our Resource Partners can help. We also cover a variety of topics on the SBA Learning Platform. If you’re looking to start, grow, expand, or recover your business in the new year, our funding programs can give you the lift you need. Regardless of what 2023 brings, the SBA is here to support the small business community.

About the author

U.S. Small Business Administration U.S. Small Business Administration The SBA works to ignite change and spark action so small businesses can confidently start, grow, expand, or recover.



yaleitskillhub mohan
yaleitskillhub mohan

One of Python's most significant advantages python course in coimbatore is its versatility. It finds applications in diverse fields, including web development, data analysis, artificial intelligence, scientific computing, and more. This versatility stems from Python's robust ecosystem of libraries and frameworks tailored to different domains. For instance, Django and Flask are popular choices for web development, while NumPy, Pandas, and SciPy dominate the landscape of data analysis and scientific computing. TensorFlow and PyTorch, on the other hand, have established Python as a leading language for machine learning and artificial intelligence. Such breadth of application positions Python as a go-to language for a wide range of projects, from small scripts to large-scale enterprise applications.


yaleinfotech Zz
yaleinfotech Zz

 Python certification courses cover a wide range of topics, including basic syntax, data types, control structures, functions, modules, python certification course in coimbatore object-oriented programming (OOP), and commonly used libraries/frameworks. Depending on the certification level (e.g., beginner, intermediate, advanced), the curriculum may also include advanced topics such as web development, data science, machine learning, or artificial intelligence.

PHONE NUMBER ; 06383277904

ADDRESS ; beside bustand, Ram Nagar, Coimbatore, Tamil Nadu 641009



Roach baits are another effective way to eliminate wood roaches. These baits contain a slow-acting insecticide that the roaches carry back to get rid of wood roaches their nests, ultimately wiping out the entire colony. Place baits in areas where roaches are commonly found, such as the kitchen and bathrooms. Follow the manufacturer's instructions for proper placement and usage.Diatomaceous earth is a non-toxic substance that can be used to control wood roaches. It is a fine powder that, when sprinkled in areas frequented by roaches, damages their exoskeleton and dehydrates them. Apply diatomaceous earth in cracks, crevices, and other hiding spots. Remember to wear a mask when applying diatomaceous earth to avoid inhaling the fine particles.



Yet, nurturing relationship dreams requires more than mere wishful thinking. It demands a willingness to cultivate self-awareness and emotional intelligence, to confront our fears and insecurities with courage and compassion. ANIMALS It calls us to embark on a journey of self-discovery, exploring the depths of our own hearts so that we may show up fully in our relationships with others. Building fulfilling relationships also entails a commitment to growth and evolution. It requires us to embrace change as an inevitable part of life's journey, to adapt and evolve alongside our partners as we navigate the ebb and flow of shared experiences. In doing so, we create space for mutual learning and expansion, enriching our connection with new dimensions of understandin…


Wayfarer Munsiyari
Wayfarer Munsiyari

[Hotel Name] goes the extra mile in ensuring hotel in munsiyari that guests have a seamless and enjoyable stay. The hotel offers a range of facilities, including a well-equipped fitness center, a rejuvenating spa, and a spacious conference hall for business travelers. The attentive and courteous staff is always ready to assist with travel arrangements, guided treks, and local insights, ensuring that every guest's needs are met with a smile.

bottom of page