In a comprehensive analysis shared by Yahoo News, Elizabeth Gore, co-founder and president of Hello Alice, projected that 2025 will mark a significant turning point for small businesses, forecasting a surge in new business establishments. Speaking to Wealth host Brad Smith, Gore indicated that the number of small businesses launching in 2025 could be five times higher than historical averages.
Gore pointed out that this increase is likely driven by advancements in software technology specifically designed to aid small business operations. She emphasised the importance of investing in such software, stating, "Any investments in software, that’s going to enable them to sell." This statement underscores the critical role that technology will play in the efficiency and effectiveness of small businesses in the coming years.
Among the companies expected to benefit from this trend are well-known entities such as Shopify, NerdWallet, and Mastercard. Each of these firms provides software solutions that could assist small business owners in streamlining their operations and enhancing their sales capabilities. As these new companies emerge and existing small businesses look to adapt and grow, the landscape of business technology is anticipated to evolve rapidly.
The discussion reflects broader industry forecasts that suggest a substantial shift towards AI automation and technological integration within business practices. As small business owners increasingly leverage software tools, the implications for business efficiency and market competitiveness are significant.
The insights provided by Gore signal an optimistic outlook for entrepreneurs and small business owners, highlighting the emerging opportunities that lie within the software solutions market as they prepare for a potentially transformative year ahead in 2025.
Source: Noah Wire Services