If there’s one thing that 2020 & 2021 taught us, it’s that people of all ages and backgrounds have the appetite to start their own business. In fact, there were 4.3 million businesses that filed paperwork last year, according to data from the Census Bureau. This is a 24% increase from the prior year and the most in two decades.1
The first half of 2021 was much of the same.
Over the last 18 months, the spike has been an unpredicted but apparent shift after a 40-year decline in U.S. entrepreneurship. The reasons for this are evident:
1. Low-interest rates make it easy to borrow capital
2. More venture capital dollars are flowing through the system than ever before
3. Work from home makes it easy to balance working with starting a side... ...
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