2013 could be a year of growth or losses, success or failure. While many large firms report an uptick in spending as the economy recovers, new businesses have more at stake and thus, are proceeding cautiously into the new year. Smaller companies are especially susceptible to the capriciousness of the market, and the unpredictability of the consumer can make or break a small business.
VISA recently surveyed small business owners and listed the top 5 concerns of small business owners in 2013.
While many of these worries aren’t specific to 2013, there have been some changes recently (particularly in the realm of health insurance) that will likely have an effect on small businesses in the coming months.
Some change is inevitable and will make it harder for small businesses to succeed, but there are still ways to grow and profit in this economy. When it comes to attracting new customers and retaining existing customers, that’s where merchant account providers come into play.
It’s fair for small business owners to worry about the future, but working with a reliable merchant account provider and offering convenient payment solutions to customers can help the business grow.