Amid all the chaos and tragedies this pandemic has brought us, there has been one positive side effect: Covidpreneurs are on the rise. According to a new report from the Census Bureau, U.S. business applications have soared through the roof in the last quarter.
This is important because history has taught us that today’s start-ups are the giant companies of the future. Businesses of every kind have been hit hard like never before, which means you have an influx of talented people who’ve been let go from previous jobs and are looking for ways to standout and generate income.
That’s good news for those of you who are just starting out and looking to start a new business during a pandemic. While it may seem like a bad idea at first glance, keep in mind the interest rates have lowered to near zero and in turn dropped the cost of borrowing money, which means this may be the big break you’ve been waiting for to realize a lifelong dream!
There is plenty of potential out there for the Class of 2020 start-ups. The question is - what are you going to do with this opportunity?
There’s no question that we are living through unprecedented times, but if you have a novel product or idea, this can be the perfect launchpad to take creative risks and start or transform an incredible business.
At DS&P we are fully committed to doing everything we can to help your business grow through these difficult times. Whether it’s helping you automate online orders, create online ads, or increase your social media presence, we can help you stay connected to your local community. Reach out today!