The pandemic is fueling entrepreneurial ambitions
One of the things that did the pandemic was to give people time to think. And according to a study by Fenetic Wellbeing, 50% more people put starting their own business on their bucket list in 2021 than in 2020. Another study by Azlo, a banking platform for small business owners, freelancers and entrepreneurs, found 96% of new entrepreneurs said the pandemic is motivating them to start their own business.
People of all ages and finances are considering starting their own business, but the impetus usually doesn’t come in the form of a global pandemic. With some time and perspective, the pandemic is in some ways responsible for getting people to pursue their business dreams.
Small Business News Roundup – June 4, 2021
Here’s what else in news for small business owners this week:
58% regret making “Buy Now – Pay Later” purchases
When it comes to buying now and paying later, consumers seem to have a certain love-hate relationship with the business. Research shows that more than half of customers regret buying something, now you pay later terms. At the same time, 60% of consumers admit that they shop through this type of store.
New data reveals the best dog breeds for remote workers
Working remotely can be a lonely, ungrateful task that longs for company and affection for those who work from home. While out for walks, a fluffy little Shih Tzus puppy celebrated the best breed of dog for remote workers. The purchase of pets, especially dogs, has skyrocketed during the Covid-19 pandemic.
What is agrotourism?
Agrotourism is a type of trading company where agriculture and tourism meet. Whether it’s a working farm where someone can experience life on the farm, or finding creative ways to connect tourists with farms, agrotourism is an industry that quickly draws a lot of attention.
The average small business loan in 2020 was $ 71,072
The average small business loan amount in the United States in 2020 was $ 71,072. This compared to fixed rate loans, which had an average balance of $ 66,917 in the same year. These numbers were uncovered through research by the small business resource and research provider AdvisorSmith.
Americans plan to spend an average of $ 747 to get back to work
The U.S. workforce plans to spend an average of $ 747 on work-related items when they return to the office. These statistics on employee spending behavior on reopening physical jobs in the US were published by the online lending platform LendingTree.
How a tweet from Oprah generated $ 1 million in orders
Can you actually start a business on the recommendation of Oprah Winfrey? Well, yes you can! On the Small Business Radio Show this week, Footnanny’s Gloria L. Williams reveals how her brand exploded after a tweet from Oprah. She has been her podiatrist for many years and has been featured on Oprah’s Favorite Stuff 7 years in a row since then.
10 Different Strategies To Consider As You Grow Your Small Business
From improving SEO to outsourcing, there are many strategies you can use to grow your business. But which are the right ones for your company? This is where members of the online small business community share their top tips. Go through the options and choose the strategies that are most relevant to your team and operation.