What are Top CEOs Predicting for 2019?
Though it would be nice to predict the future, many entrepreneurs find themselves at a bit of a loss when it comes to 2019 business predictions. What will happen in the upcoming year and how will it change your company's approach to the market and industry? Fortunately, we have the guidance of top CEOs who have made no secret of their economic predictions for 2019. Here's what they had to say.
Trade changes impact business. If your company hasn't been impacted by the new tariffs that have been put into place yet, will it be impacted by them in the future? Even if you don't use steel or aluminum to manufacture goods on a daily basis, the equipment you use may incorporate them, or use other parts that will be impacted by trade tariffs.
Trust and transparency rule. It used to be that if your company lost the public trust, you had a chance to earn that trust back over time. Today's hot social media trends mean that something that goes wrong spreads like wildfire, tarnishing your company's reputation. It's vital to guard it very closely.
Changes in how we do business. Outsourcing and remote work is becoming more and more popular these days - in fact, this blog is created every week by a remote writer in southwest Missouri. It's important to consider how digitization and outsourcing is impacting your business and how you operate.
Economic unpredictability. Many of today's entrepreneurs have grown their business since the end of the 2008 recession, giving them plenty of experience in growing their business. However, what happens during an economic downturn? With 10 years of economic growth, it's important to remember that life doesn't always come up roses. Make plans for the down times as well.
By keeping these economic predictions for 2019 in mind, you can keep your business flourishing even in the unknown. However, if you're concerned about what 2019 business predictions may mean for your company, you don't need to worry. At AccountRely, we have a wide range of business professionals who are ready to help you make 2019 your best year yet. Please feel free to reach out today to get connected with a business professional who has experience planning strategy for businesses in your industry.