Young Naija Entrepreneurs

Celebrating, encouraging and promoting young Nigerian entrepreneurs


10 Most Exciting Business Trends To Look Out For in 2024

Many professionals lost their jobs in 2020 due to the Covid-19 pandemic. Others had to reduce their working hours or switch to working from home, giving them more time to diversify their sources of income. When these factors were combined, the number of new businesses started to rise significantly. Many of these new businesses are still going strong as we look forward to the year 2024.

Here are some predictions for the year ahead for small businesses.

  1. Business Attitudes and Values That Put People first.

People’s Priorities have been reevaluated as a result of the pandemic. Work-life balance is becoming increasingly important in today’s society as people seek to spend more time with their families and friends. An emphasis on people-centered workplace values is a key trend for employers in 2022 and beyond. Not doing so could result in the loss of some of your best workers.

  1. Avid Online Support for the Business Community

Small businesses are more adaptable and better able to connect with their customers than large corporations. Online communities centered on small businesses are something the corporate world is looking forward to seeing grow. They can collaborate more effectively to create personalized products and services. Because of this, social change can now be catalyzed by small businesses.

  1. Balance between SEO and Voice Search

It is definitely intriguing to see how small firms will integrate voice search with standard SEO. Voice-activated devices are becoming more popular than ever before. But it’s also worth noting that this technology has made significant strides in the last few years. New business owners will be able to take advantage of these developments in voice search in 2022 and beyond.

  1. Increased Use of Freelancers in the Workforce

Increasing the use of freelancers and allowing workers more freedom are exciting trends we all hope to see grow. As power returns to the workforce, everyone’s work-life balance and overall well-being improves.

  1. An Increase in the Adoption of Marketing Automation

The use of marketing automation by small businesses and startups will continue to soar in 2022. Automation is critical to the success of a growing company, so mastering its use is essential.

  1. Easier Access to Online Promotional Tools

We can expect an ever-increasing number of people to shop and execute transactions using virtual tools in the future. For the first time, augmented reality selling tools that previously required custom development will now be accessible to small businesses and startups at a fraction of the cost.

  1. Online-Offline Business Models with a Hybrid Approach

The hybrid online-offline business model appears to be here to stay for the foreseeable future. Even retail businesses had to increase their online sales by 2020. I believe that consumers enjoy the convenience of being able to shop online and in person at the same time. To give an example, many customers prefer to conduct extensive research before visiting a store, auto dealership, or any other business location.

  1. NFTs and Cryptocurrency are Getting More Popular

The mainstreaming of cryptocurrencies and NFTs excites most of us. It’s fascinating to see how many people are getting involved in the production of NFTs, the revolutionary financial system that’s causing a lot of wave. Many huge corporations have celebrated artificial intelligence and new financial tokens, and it really piques our interest in the possibilities these innovations and currencies hold for startups and small businesses.

  1. E-commerce Tech will be Democratized

Growth in e-commerce for startups and small businesses is one of our most anticipated business trends for 2022. Creating an e-commerce website such as Shopify has never been simpler for entrepreneurs who want to launch their next great product. E-commerce technology has become more accessible to the general public than ever before, resulting in an unprecedented amount of product innovation.

  1. Job Openings for Remote First-Time Employees

We are looking forward to the rise of more businesses that focus on working from home, as well as increased access to jobs that can be done from anywhere thanks to advancements in technology. The remote trend has the potential to revolutionize the workforce by allowing for greater flexibility as well as access to a diverse but greatly unexplored talent pool.


Your email address will not be published. Required fields are marked *