The 2010 Business Forecast: Opportunity Rising?
There are numerous questions, concerns, and factors surrounding the future of business in 2010. The housing crisis is still in effect, though the federal tax credit and other programs designed to help homeowners have certainly made small gains.
The deficit also plays a large part in how business will manage to perform this year. Government bailouts have helped banks and the motor industry, but at what cost? Banks still remain tight in terms of granting new loans and mortgages, and handing large bonuses to high executives has not been curbed. The deficit is increasing at an enormous rate, and many wonder if the original intention to stimulate economic growth was entirely successful.
Despite these negatives, the stock market is rebounding slowly but surely, and business sentiment is steadily improving, affecting both local and global economies. But there is still a long way to go. Unemployment is still a major issue in many states, employees are showing a trend towards job dissatisfaction, and many major retail corporations and businesses are still closing their doors.
So what does all this mean for business in 2010? Certainly, the focus on merely attempting to survive will gradually shift to attempting to grow, while employees will seek to improve their own positions. Marketing budgets are also increasing once more, with a strong focus on cost-efficient Internet marketing solutions.
Experts also say this might be a good time to try and secure a raise, or reverse a pay cut imposed in 2009. Raises and promotions might not be handed out like candy, but companies might be more willing to offer incentives based on performance.
Big changes are expected during the 2nd and 3rd quarters of 2010. Experts expect more job growth, an increase in consumer confidence, and increased spending all around, helping the economy to further regain some footing on solid ground. There are many opportunities available for business to take new direction, provided they have the foresight and the initiative to do so. Drafting a plan for specific, measurable goals is the key to future growth.
Overall, the outlook for 2010 is very good. The latest D&B National Business Expectations Survey shows that selling prices have reached their lowest recorded levels ever, and that expectation for growth of inventories is at their highest level in more than four years. Additionally, 20% of firms expect to reduce their debt, and sales and profit expectations have increased.
During 2010, as new projects are developed and initiated, consider Century Business Solutions, the leading direct marketer of office organizing accessories.
Century Business Solutions offers more than 1,000 solutions directly to businesses, from tools to enhance office organization and professional presentations to new ideas in digital media storage and photographic archiving.
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