Starting a Business During COVID-19

Is it a good time to start a business during COVID-19?

Entrepreneurs who have started businesses during the pandemic credit the disruption with the opportunity to rethink their lives and what they want for the future. Shedding the 9-to-5 grind for more independence, autonomy, and decision-making authority was the right move for those who ventured out on their own last year.

Employee Identification Number (EIN) application rates were higher in 2020 than they were in 2019. The Wall Street Journal has reported that Americans are starting new businesses right now faster than in the past decade. That type of shift could signify that employees who may have lost their jobs or been temporarily laid off are taking this opportunity to finally start the business they have been considering for some time.

For those who see some of the problems of COVID-19 as opportunities, now might be the perfect time to pursue a business venture that you have been considering. READ ON...