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Companies affected by the pandemic have been operating for over 4 years and many of them are thriving. In fact, recently published tests found “overwhelming evidence that the pandemic and its aftermath have been characterized by a surge in people forming businesses with truly entrepreneurial employers,” with a latest generation of companies reaching levels not seen since before the Great Recession.
The Covid era has been fertile ground for entrepreneurship for several reasons. According to New York Timesthe success of those enterprises was partly as a result of lasting economic changes catalyzed by the pandemic. But the events of 2020 also provided the boost some would-be entrepreneurs needed, finally leading them to launch the businesses they’d been considering. As one Boston entrepreneur told the newspaper, “A big part of the entrepreneurial journey is taking the first step.”
I could not agree more. Although the entrepreneurship boom has moderated somewhat since its recent peak, it is still growing rapidly. And as we approach the final months of the year, I predict that 2025 will be as necessary for startups as 2020 – possibly much more so. Here’s why.
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