The middle of a pandemic may seem like a strange time to start a business. But that’s what many people are doing.
The number of business applications in the United States shot up to record numbers over the summer and remained strong through the fall.
This is unusual during a recession. And, the trend offers a glimmer of hope in an otherwise bleak landscape as hundreds of thousands of small businesses struggle to survive during the pandemic and economic slowdown.
The startups and new businesses include high-growth firms funded by venture capitalists, but also sole proprietorships and mom-and-pop establishments. Some people have launched side gigs to make up for a lost job or declining income. Other people are pursuing their dreams now because they have more time on their hands. Others were intending to open in 2020 and forged ahead despite challenges.
Have you started a business recently? Are you