Startup Trends for 2023 and Beyond

by Nate Houstman | Nov 30, 2022 | Business, Digital Marketing, Web Design

Featured image by Geralt via Pixabay

Trends in the startup scene are always changing and evolving.

As the digital landscape and access to startup funds becomes increasingly diverse, entrepreneurs have a wealth of information and options available to them to help make key business decisions.

Whether it’s crowdfunding, angel investors, or more traditional funding options such as business credit cards, starting a business today has never been easier.

However, what might have worked a few years ago may not work now. What is popular now may not be popular in a few years. So what startup trends should you be on the lookout for in 2023 and beyond? Here are a few to keep an eye on.

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Mobile Businesses Continue to Be a Startup Trend

Food trucks may have historically been the most common type of mobile business. But we are now seeing a startup trend toward even more businesses popping up on wheels. From beauty parlors to mobile bars and everything in between, mobile businesses are popping up to cater to just about every need.

These startups offer a unique level of convenience that is perfect for our fast-paced world. In addition, mobile businesses are often more affordable to start up than traditional brick-and-mortar businesses. This makes them a great option for entrepreneurs. A simple business credit card from Capital on Tap could be all you need to fund your mobile business venture.

Damian Brychcy, COO of Capital On Tap says, “Post-pandemic and with the return of events at scale, we are seeing more mobile businesses launching. Cashflow is a constant challenge and today we see a greater need for spend management tools, flexible funding, and real-time access to their funding with a mobile-first solution for owners on the go.”

Digital Nomads Start Businesses from Home and on the Road

The evolution of internet accessibility and communication technologies has made it possible for people to work from anywhere in the world. This led to a few people ditching the traditional 9-5 office job in favor of working from home (or anywhere in the world). However, this wasn’t really a startup trend as such.

However, the COVID-19 pandemic certainly accelerated the trend. In fact, more and more people now work from home (or otherwise remotely) than ever before. This has given rise to a new breed of entrepreneur, the digital nomad.

Digital nomads are people who work online and pride themselves on being able to live and work from anywhere in the world. This new breed of entrepreneur is often young, tech-savvy, and quite well-connected. They are often involved in online businesses such as e-commerce, social media, blogging, and content creation.

There has also been a rise in the number of startups that cater to these workers. From remote work tools and apps to digital nomad communities and co-working spaces, there is now a plethora of businesses and services that are geared toward this growing trend.

Climate Tech and Green Tech Are Up-and-Coming Startup Trends

As awareness of environmental issues grows, so too does the demand for products and services that help mitigate human beings’ effects on the planet.

Climate tech refers to technology that helps us reduce our carbon footprint. Green tech refers to products and services that are environmentally friendly. These two startup trends are already on the rise and show no signs of slowing down anytime soon.

This is particularly true as we move into an era of increased regulation around environmental issues. To illustrate, 45% more renewable energy was generated in 2020 than in 2019. Some examples of climate and greentech startups include electric vehicle charging stations, solar energy companies, wind energy companies, water conservation technology, and sustainable fashion brands. These are all set to grow in popularity over the next few years.

Niche Markets Are an Increasingly Popular Startup Trend

While mass markets will always have their place, niche markets are becoming increasingly popular, particularly among startups. It’s not hard to see why. In a world where there’s so much choice, people are looking for businesses that cater specifically to their needs. That’s where niche markets come in.

By catering to a specific need or want, businesses can stand out from the crowd and attract a loyal following of customers. These startups celebrate individuality. This is reflected in the fact that niche markets focus on highly targeted demographics such as the LGBTQ+ community, gamers, eco-conscious consumers, remote workers, and more.

Artificial Intelligence (AI) Is Set to Transform Business

The use of artificial intelligence (AI) is becoming increasingly commonplace and it’s not hard to see why. AI has the potential to transform businesses in a number of ways, from automating tasks and increasing efficiency to providing insights that would otherwise be hidden.

And as AI technology continues to evolve, so too will its application in business. In fact, experts estimate that by 2030, AI will have contributed $15.7 trillion to the global economy.

Some examples of businesses that are already using AI include Google (for search) and Amazon (for recommendations). Others are Netflix (for content recommendations), and Facebook (for targeted advertising).

But this is just the tip of the startup trend iceberg in this area. As AI technology advances, we can expect to see a whole host of new businesses and applications for this transformative technology.

We’ve seen automated chatbots, self-driving cars, and AI-powered personal assistants such as Siri and Alexa. And these are still the early days for AI technology. The potential for AI is vast. We can expect to see some truly game-changing innovations over the next few years.

Trends in Biotech and Life Sciences Lead to More Startups in Those Fields

COVID-19 has shown us just how important the biotechnology and life sciences industries are. As we continue to grapple with the pandemic, these industries are only going to become more important.

From developing vaccines and treatments, to manufacturing PPE and carrying out vital research, biotechnology and life sciences play a crucial role in keeping us safe. They also have the potential to help us solve some of the world’s most pressing problems, from climate change to food insecurity.

With this in mind, it’s no surprise that startups in the biotechnology and life sciences are set to gain ground in the years to come. In fact, even though the sector is already worth almost $300 billion USD, the biotech sector is projected to expand at a compound annual growth rate of 15.83% between 2021 and 2028.

Subscription-Based Businesses Grow as a Startup Trend

Subscription-based businesses have become ever more popular over the last few years. It’s easy to see why. They offer a convenient and affordable way for customers to access products and services on a regular basis.

What’s more, subscription-based businesses often have a loyal customer base that is willing to pay for quality. Some examples of successful subscription-based businesses include Netflix, Spotify, Amazon Prime, and Birchbox.

As we move into the future, it’s likely that we will see even more businesses adopting the subscription model. In fact, it was found that 75% of DTC brands may offer subscriptions by 2023. It’s increasingly clear that subscription-based businesses are here to stay.

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Conclusion

Startups need to continuously innovate to stay ahead of the curve, and trends reveal that 2023 is shaping up to be no different. These are just a few of the business trends that experts think will be big in 2023. So whatever industry you’re in, make sure to stay ahead of the curve and stay on top of the latest startup trends.

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The Different Types of Lawyers and What They Do

by Nate Houstman | Nov 30, 2022 | Business, Digital Marketing, Web Design

There are many types of lawyers. Some focus on criminal law, while others specialize in family or real estate law. No matter what type of lawyer you need, there is someone out there who can help you. This article will discuss the different types of lawyers and what they do. What Are the Different Types […]

The post The Different Types of Lawyers and What They Do appeared first on Small Business Bonfire.

Slack vs. Asana:  A Comparison of Slack and Asana 

by Nate Houstman | Nov 30, 2022 | Business, Digital Marketing, Web Design

If you’re a business owner looking for an efficient way to keep your team organized and productive, then you’ve probably come across the two most popular business tools on the market: Slack and Asana. In this blog post, we’ll take a look at the differences between these two software programs to help you decide which one is best for your business. 

What Is Slack? 

Slack is a team collaboration app that allows users to chat, share files, and work together in real-time. It’s designed to facilitate communication between teams while keeping everyone on task. With Slack, users can create different channels based on topics or projects so that conversations stay organized. The platform also offers integrations with other popular apps like Google Drive, Dropbox, and Zoom so teams can access all their resources in one place. 

What Is Asana? 

Asana is another project management tool that helps teams stay organized and communicate better. It enables users to track tasks, assign tasks to members of the team, set deadlines, integrated with external applications such as Google Drive and Dropbox. Asana also features Gantt charts which allow teams to visually organize projects into timelines so everyone can see what needs to be done when.  

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How Are They Different? 

The main difference between Slack and Asana is that Slack focuses more heavily on messaging. Whereas Asana focuses more on task management. While both platforms offer features like file sharing and task tracking, Slack provides more features geared towards communication such as emoji reactions and private messages. Asana offers more features related to task organization, such as dependency tracking and different views. Additionally, Slack does not have native time tracking capabilities, while Asana does. This means if your project requires frequent updates or detailed time tracking then Asana is be better suited for your team’s needs.

Software That is Comparable to Slack 

Microsoft Teams

Microsoft Teams is an all-in-one communications platform designed for teams. It integrates with Office 365 apps like Word, Excel, PowerPoint, SharePoint, and OneNote. It boasts features like audio and video conferencing, file sharing, chat rooms, and task management. Like Slack, Microsoft Teams also supports third-party integrations with other apps such as Trello and GitHub. 

Flock

Flock is another powerful team collaboration platform that provides similar features to Slack but with a more intuitive user interface. Features include group chat rooms, private messaging, file sharing and storage, task management tools, audio/video conferencing and more. Flock also provides deep integrations with popular third-party apps like Google Drive and Dropbox. 

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Ryver

Ryver is one of the most popular alternatives to Slack, offering both free and paid plans. It offers all of the same core features as other collaboration platforms, including group chatrooms; private chats; audio/video conferencing; task management; file sharing; integration with third-party tools; analytics reporting; etc., but what makes Ryver stand out from the rest is its ability to connect external users (non-team members) into conversations without needing them to create a login or download any software. 

Mattermost:

Mattermost is another open source alternative to Slack that provides secure team collaboration. It includes all of the same core features as other platforms plus additional security features. Additionally, its open source nature allows users more customization options compared to Slack or Microsoft Teams which can be limited in their customizations due to licensing restrictions.

Fleep

Fleep is a secure team communication platform that focuses on privacy and simplicity over flashy features like some other competitors do—but don’t let this fool you into thinking it isn’t powerful! It offers both free & paid plans featuring unlimited message storage & searchability; audio/video calls; task & project management tools; integration with third party apps & services (like Dropbox); robust security measures; plus much more! 

Software That is Comparable to Asana

Trello 

Trello is a project management app that uses boards, lists, and cards to help users manage tasks and collaborate with team members. It’s a great alternative to Asana because of the price point and it’s easy to use. The drag-and-drop feature makes it easy to prioritize tasks or move them around as needed. Trello also has an extensive library of third-party integrations so you can use other software like Slack or Gmail in conjunction with your projects.  

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Monday 

Monday is another Asana alternative that’s perfect for businesses of all sizes. It provides an easy-to-use interface with features such as task timelines, progress tracking tools, automatic notifications when deadlines are approaching, and the ability to create custom workflows for every project type. Like Trello, Monday also offers a variety of third-party integrations so you can customize the software even further.  

Basecamp 

Basecamp is a comprehensive project management solution that helps users organize tasks into different categories. It also allows users to chat directly within the platform or start discussions about specific topics related to the project at hand. Basecamp provides simple functionality that makes it easy for business owners and employees alike to get up and running quickly. This means not having to worry about complicated setup processes or overly complex user interfaces. 

When it comes down to it, both Slack and Asana are powerful tools that offer great value for businesses of all sizes. Ultimately though it’s up to you and your team’s specific needs which platform will work best. We hope this comparison has provided some insight into the differences between Slack vs Asana so you can decide if you need software for communication or project management.

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