The Rising Business Spirit in the USA and Canada
When economies were bad in the past, fewer new businesses were started. Still, more new businesses opened in the US in the third quarter of 2020, even though there was a pandemic that hurt the world economy. It actually went through the roof. In July 2020 alone, more than 500,000 new businesses were set up, which is almost twice as many as the previous year. Since then, more than 400,000 new businesses have been started every month. A data graphic that shows a rise in business apps in 2020 The US Census shows that there will be a real rise in small business applications in 2020, especially in the third and fourth quarters. What's different about this time? Several ideas have been put forward to explain why people are feeling more creative at a time when everything seems to be working against them. Maybe founders who are strong because they've been through hard times are looking for chances that come with a society that's moved forward by almost ten years. And the prob