Top 10 2009 Small Business Trends (Steve King's List)

I highly recommend checking out the top ten predictions for 2009 related to small business and entrepreneurs from part-time US News blogger Steve King of Emergent Research.

A sampling:

4. The Number of Small Businesses Will Increase in 2009: With job losses high and traditional employment options limited, many will turn to self-employment and small business in 2009. The prior three recessions have seen small business formation rates increase. And with it easier and cheaper than ever to start small or personal businesses, we expect a strong year for small business formation – especially personal businesses. Failure rates will also increase, but not enough to offset the number of new small and personal businesses.

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6. Baby Boomer Retirement Problems Will Lead to Increased Interest in Small Business: We’ve long forecasted that baby boomers will stay in the workforce past the traditional retirement age. Current economic turmoil makes this trend even stronger. Baby boomer retirement has taken a series of major blows. The value of their homes, retirement savings and inheritances has all declined substantially. Many have lost or will lose their jobs. Boomers will have to extend their working years and small and personal businesses will be their best, and in many cases, only option.