The number of Americans looking to start their own business is on the rise, as the coronavirus pandemic creates opportunities for some would-be entrepreneurs.
People are starting businesses for a variety of reasons: some lost their job during the pandemic and decided to make their “side hustle” their main occupation. Others reevaluated their priorities and decided to leave the corporate world. Some took advantage of the flexibility of working remotely and lower commercial rents.
Darin Mays of Minneapolis had been a healthcare software executive for 15 years when the pandemic came and the project he was working on ended. Mays could have accepted a different assignment but decided to leave instead. People who start their own companies are counted as employed by the government, lowering the jobless rate. But they aren’t included in the government’s count of total payroll jobs. As a result, the number of new jobs added each month may be understated as more Americans have struck out on their own. The Labor Department issues its latest employment report on Friday.
During his time in San Francisco, Van Arsdale and his brother had been making chocolate in their garage and giving bars to friends and family. While walking in his North Seattle neighborhood in April of last year, he happened upon an unoccupied storefront that had room for chocolate production. He leased the space, built it out and founded Spinnaker Chocolate in October.
The label has taken off and she plans a show at New York Fashion week in February. So far, the biggest problems have come from shipping snags. Elyssa Heller worked in the food and beverage business for 10 years, and was working for a vegan snack company at the start of the pandemic, but wanted to try out her own concept focused on Jewish comfort food.
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Pandemic creates openings for would-be entrepreneursThe number of Americans looking to start their own business is on the rise, as the coronavirus pandemic creates opportunities for some would-be entrepreneurs. From the Associated Press.
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