A new year is often the best time to assess performance and set goals of what you need to achieve in the coming days. Some of the plans that you can make as an individual may include exercising more frequently, improving your health, or spending more time with your family. For business owners, however, their plans are different. Making new resolutions at the beginning of a year can help align and focus on business efforts and energy. Here are some of the plans that American businesses are prioritizing in 2020.

The rise of artificial intelligence, big data and machine learning is changing the way small businesses are doing things. Banking institutions are in a hurry to collaborate with fintech providers to find solutions that offer small businesses an opportunity to seek financing. In countries like the United States, for example, there are more than 30 million small businesses that make up about 99% of all businesses in the country. They offer employment to millions of citizens and contribute immensely to the economy. As the gig economy continues thriving, financial institutions are seeing a booming market that can generate massive returns from small businesses.

Have you ever tried to paddle a boat with no oar? Well, trying to operate a business without  proper cash flow management is like doing this. Even if you succeed, you will have faced an uphill task that is not worth it at all. Delays in paying your suppliers and employees and failing to collect cash from your customers on time can be a big issue to your business and the only way around it is to have a proper cash flow management.