Issa Asad Small BusinessThe year is still new and many people still have high expectations. If 2015 was not your year, it is time to make things right in 2016.

“As a small business owner, you are more concerned about success in your business more than anything else,” explained Mr. Issa Asad Florida entrepreneur and telecommunications expert. Mr. Asad is also the CEO of 2 successful companies located across South Florida, including Q Link Wireless and Quadrant Holdings. “Success is expected, especially because business is your main source of income.”

So, Issa Asad has given us 3 things small business owners should know for 2016.

1. Tighten Your Funds

No major moves have been made in the financial markets. Access to capital does not appear like it is going to become easier for small businesses, and the employee and healthcare wages will most likely continue to weigh on the sector.

If interest rates are going to rise, then gaining access to capital will become tight, borrowing will become a thing of the past as it will be expensive, and the economy will most likely soften. There is a speculation that there are going to be other investments, which will be more attractive than stock markets in 2016. This is important, especially for those business owners who have greatly invested in the stock market. This will also mean that it is the ideal time to borrow as the rates of interest are low.

Currently, there is no movement locally and this means that macro-economic forces will have a great impact on the economy this year. In simple words, start investing this year!

2. The Cost of Technology Is Falling

The falling cost of technology means that life will become easier. Unlike in the previous years where businesses had to incur a lot of money to access analytics and data, 2016 is going to be everyone’s year. But, what does falling technology cost means? Well, as the cost of technology falls, small businesses will gain access to analytics, data as well as automation platforms—things that only big business could afford.

Today, it is relatively easy for businesses to answer questions that required huge amounts of money previously. Thanks to the reduced cost of technology that we are currently experiencing.

3. The Power of Cloud Is Being Realized

Technology is getting cheaper, stronger, and faster every year. It is not a surprise, therefore, that most nations expect to realize cloud technology in 2016. In 2016, we will witness as new generations rise through the ranks and also as business prosper. We will also witness as companies adopt the much anticipated cloud technology.

Many applications are currently separate, but this year, these applications are going to build deeper links. It is evident that the cloud technology is inevitable; however, the younger generation has to push harder for innovation.

The convergence of technology and the numerous opportunities available for small businesses, make it easy to operate a business. Today, even small businesses can access technologies they never had before.

As a small business owner, there are a lot of things that you can do in 2016. Again, if you never did it right in 2015, it is your time now. The above are 3 things small business owners should know for 2016.