5.4 million people applied for small businesses licenses in 2021, a 53% jump from pre-pandemic.
There’s never been a better time to start your own company. That helps explain why America just witnessed the biggest business startup boom of our lifetimes, according to the U.S. census.5.4 million people applied for small businesses licenses last year — a 53% jump from 2019, pre-pandemic. Global investment in startups shattered records in 2021,Most people don't have the luxury of starting their own businesses.
Bike shops were overwhelmed at the start of the pandemic — everyone wanted to stay outdoors and active. So Ian started , a pop-up bike repair shop that traveled around Madison and found customers via word of mouth and neighborhood social media groups. He has since expanded to Chicago and Phoenix. The Twin Cities is next.in San Diego went part-time at her job at a property management company to pursue her long-time passion and scale, which she started right before the pandemic. The bakery is named after her grandmother and specializes in Mexican bread and pastries.
"When the pandemic hit, I had time to focus," she says. Business has boomed, and she plans to quit her other job soon and hire people to help her: "I know that I’m ready, and I will make it."This startup boom is lifting America out of one of the least entrepreneurial periods of its history,
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