Newport Board Group, a national business advisory firm of CEOs that serve the middle market, reveals five predictions for 2013 for private companies
As we begin the New Year, the U.S. economy continues to exhibit resilience, despite the many challenges that threatened to derail the world economy and private company growth in 2012. With the elections behind us, economic growth seems likely to continue, despite political, regulatory and capital market volatility.
Over the last decade, the U.S. has seen unprecedented growth in the private sector as compared to large companies. The number of smaller companies grew 79% from 2000 to 2010. The number of larger companies decreased 2% for the same period.
In order to continue and expand job and economic growth in 2013, federal and state governments will need to establish tax policies intended to promote smaller company growth; capital will need to be accessible; and the political and regulatory structure will need to help new startups and expanding middle market companies.
Listed below are 5 predictions for the entrepreneurial growth economy, as it navigates challenges and opportunities in 2013.
1. Capital Availability
A confluence of trends will contribute to making financing more available to promising private companies:
Innovation will accelerate, producing fast growing upstarts that overturn industry landscapes and creating new winners and losers:
3. New Business Models
New, better ways for companies to create, deliver and capture value to its target segments will continue to proliferate:
4. New Opportunities – and Threats
Staying ahead of the competition will require ever more relentless focus on what differentiates you and creates value for your target segments:
5. Low Energy Costs
A new world of American energy exploration and production is creating widespread opportunity:
Time will tell as to which predictions will come true for 2013, but being forewarned is being forearmed. Smart, nimble companies that can seize fast moving opportunities will prosper in 2013.
To read the Newport Board Group news release, click here.