The United States had a strong 2018 for small businesses and the lower middle market, and as things start to slow back down to a normal rate, there are a number of trends to keep an eye on. Depending on your location, sector, and position in the market, 2019 might be your year for a big gain in exposure and profits.
A look at December 2018’s data for small businesses in the lower middle market show a few glowing trends that you’ll want to consider in the first quarter of the year. For starters, the top regions for employment growth and wage growth, respectively, are the South and West. That doesn’t mean the North or East are dead markets, that just means that resources are strong in the South and West to a point that if you’re in those areas and considering a boost to your small business, or even a beginning, now might be the time. More specifically, Wisconsin and Arizona are the strongest states for small business job growth; Arizona is the top state for wage growth.
Major cities aren’t always the fastest places for growth, as recent trends have shown. Dallas remains first among metros in job growth but Riverside, California is once again the top metro for wage growth. Riverside is a very suburban-influenced metro area with many neighborhoods and a diverse mix of factories, warehouses, and corporate offices. Not to mention, it’s near a handful of colleges and universities, plus very close to Los Angeles. This is a great reminder that being outside a major city can be just as beneficial as being in the city itself.
Depending on the field in which your business resides, location could be a bit difficult to pick and choose. For example, if you’re looking to start a business in your small town, or grow an existing business, a move might not be ideal. That being said, for a lower middle market business that has reasonable expectations to grow and expand in the future, a relocation or expansion into the West and South is worth keeping in mind. For many, small businesses are main street staples, but the lower middle market is also small businesses that make some real cash, meaning that these expansions aren’t pipe dreams. Knowing the locations that are booming is essential to picking the right place to settle.
For more financial services and advising, contact SA Capital Partners for all of your capital and corporate advisement needs. There are a number of ways to grow your small business, and the best path forward might only be clear to those with years of experience and a passion for the lower middle market.
About SA Capital Partners:
SA Capital Partners is an innovative financial services firm that specializes in mergers & acquisitions advisory and capital raising for lower middle market businesses. We aspire to give all the tools necessary to complete any transaction. SA Capital Partner’s financial services industry specialists provide comprehensive, integrated solutions to banking transactions. Our breadth of services and industry knowledge allow us to understand each client’s unique business needs. Our goal is to make all financial services available to every small business. Website: www.sacapitalpartnersllc.com Phone: (212)-235-2761 Email: firstname.lastname@example.org #sacapitalpartners #sacapital #sacapitalpartnersllc