but will write about those business trends which were already present in 2016 that gained momentum due to their benefits attached and are expected to dominate in 2017. The ways of doing businesses keep on changing from time to time and if you want to give your businesses a cutting edge then you need to adopt the changes into your processes. The growing trends in the businesses can help you in formulating an effective strategy in competing with big players in your industry and help in creating a growth space for your start-up.
The main business trends of 2017 are as follows:
(1) The increase in adoption of the digital technology
This year will witness more and more businesses, irrespective of their sizes, striving towards making their processes digital. The businesses will focus on seamless integration of the technology with their products and the extent of the integration or the penetration will depend on the product to product.
The integration of the technology with the product offers the following benefits to the businesses:
(2) More start-ups taking leverage of funding
Those companies or the start-up who adopt digital technology in their business processes have the higher benefit to cost ratio, the probability of better initial profit margins and therefore are a good choice for the investors.
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(3) The growth of renewable energy especially solar in India
India will witness the growth of the solar entrepreneurs with the following obvious reasons:
The coming years will favor those start-up who look to seamlessly integrate the digital technology into their processes for the overall growth of their businesses. The level of growth is decided by the extent of penetration of the technology as optimally required by that industry. And these businesses will obviously have the cutting edge over the other businesses to attract the funding from the investor worldwide and leverage it for their growth.