Business Trends and Industry Trends We’ve spoken about business trends recently and mentioned market and industry research. This guide will help you learn about using project management for accountants to research industry trends and help you better predict where your business will go. There is a difference between basic business trends and industry trends. Research on simply your business focuses more on the more micro aspects of your day-to-day work measured up against the same period of time on the calendar in the past. Industry is more macro in that it shows you the bigger picture, giving you information about different types of businesses that have to do with yours. An example: business trends at a stuffed toy company might focus on the sale of stuffed toys during holidays while industry trends would focus on the sale of all toys, including the stuffed toys made by that company. Learning about the other types of businesses in your industry and how they do well (or don’t do well) can give you an idea of how to grow your own business as well as the mistakes that could keep you from thriving. Learn more about how workflow software assists in predicting business trends in our recent blog here.
- Learn About Your Industry
- Analyze the Gathered Information
- Follow Through