John Douglas Steuart is a very successful entrepreneur and investor in California. While he has started his own successful businesses, he is always looking out for new companies to invest in and partner with. Part of this is identifying changes that are coming to the industry. Steuart and others have offered insight into what entrepreneurship trends are occurring in 2022 and could continue into the future.
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Working From Home will Continue for Entrepreneurs and Small Businesses
One of the trends that Steuart and others see for entrepreneurs in 2022 and beyond is that the trend of working from home will continue. For the past 2-3 years, the pandemic has changed many aspects of work. While entrepreneurs used to feel pressure to rent office space, they have realized how effective they and their teams can be working from home. As this can save a considerable amount of money and can lead to more job satisfaction, working from home full-time or under a hybrid model is bound to continue.
Gig Economy Will Bring Out More Entrepreneurs Looking for Independence
One of the largest challenges that businesses have faced over the past couple of years is the inability to find and retain staff. One of the reasons for this is that it is much easier today for someone to be their own boss than ever before. The gig economy opens the door for many people to be entrepreneurs while earning a good income. The use of various websites also helps skilled professionals find jobs if they want to go out on their own.
More Focus on Environment and Social Causes
While many people will go into business for themselves to try and earn a sizable income and not be dependent on an employer, many young entrepreneurs are also looking for ways to make the world a better place. John Steuart and others expect to see more small start-up businesses that have both a social and environmental conscience.
Focus on Niche Markets and Unique Services to Stand Out
John Steuart and others also expect that there will be a continued focus on developing a niche market. When you are going to start a business today, knowing exactly who your target customers are is very important. While there are still consumer staples that everyone will buy, generic brands that aim to target everyone could have a harder time finding a footing. Those that have a niche market and service they are going after could find more opportunities in the future.
John Douglas Steuart has had a long and successful career as an entrepreneur and venture capitalist. Part of the reason for his success is that he has been able to identify changes in how entrepreneurs are focused and build their businesses. There are several trends in 2022 that are expected to continue that will have an impact on anyone that wants to start their own business.