Starting A Business Is Not Like Working For One. – Forbes

by | Nov 4, 2022 | Business

Business start-ups were on the rise in 2021, according to the U.S. Census Bureau. This fact immediately invokes questions of how it’s related to the economy and the job market.Since January 2021, when the job market’s post-pandemic recovery began – with the solid confidence level we haven’t seen since the nineties – I’ve seen a dramatic rise and consistent flow in the numbers of people visiting my office, not for help in finding a job (although that never ends), but for help in starting a business.

Upticks like this tend to happen both in times of low tides and high tides. In other words, when things went south on a fast train in 2008 – and got stuck in that station for a while – the numbers of people who understandably couldn’t find jobs multiplied. They weren’t necessarily starting a business for the right reasons, but many had little choice. Same for early 2020, when the economy took only two months to lose 22 million jobs. On the other hand, when conditions are good – like the last two years – the same trend appears, but more optimistically.

Curious as to whether I was seeing or, on the other hand, overlooking a correlation between busi …

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