On today’s WJR Business Beat, Jeff discusses various reasons why entrepreneurs are starting new businesses during the pandemic. Perhaps surprisingly, a new survey of 428 entrepreneurs by Just Business found that more than one in five entrepreneurs are starting businesses that were not planned before the pandemic.
Tune in for more!
“Entrepreneurs are a tough and resourceful bunch, and this is further validation that entrepreneurship, whether in good times or challenging times, is alive and well.”
– Jeff Sloan
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Good morning, Paul.
As we know all too well, as a result of the pandemic we’re facing, businesses are closing all around us. Startup funding is tougher to come by and the fear of not knowing where the new normal will land us has entrepreneurs sitting on the sidelines, right?
Well wrong. Think again. Actually, a new survey of 428 entrepreneurs by Just Business found that more than one in five entrepreneurs are starting businesses that were not planned before the pandemic.
What’s making entrepreneurs decide to start a business?
Here’s the results of the study: 52 percent identified new business opportunities as a result of the pandemic that were too good pass up. Twenty seven percent said they’re starting a business because they were laid off from their current job, and 21 percent indicate that they’re starting a business during the time of the pandemic as a way to get out ahead of the competition.
Entrepreneurs are a tough and resourceful bunch, and this is further validation that entrepreneurship, whether in good times or challenging times, is alive and well.
I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.
