The overall population today has access to the web and ultra-efficient devices. It is easier than ever to network. But, experts believe that not only technology but, corporate culture is equally responsible for ushering in this trend of entrepreneurship.
It was found that about 550,000 Americans have begin their business ventures each month. And, startups have given a stiff competition to the big players. They have surpassed them due to adaptative business models. While the businesses compete with each other to acquire market share, here are a some general observations that justify this trend.
The traditional job market has gone through a lot of changes. People prefer sticking to multiple streams of income and, thus freelancing or maybe becoming one’s own boss is the norm of the day. It has been suggested as one of the biggest reasons behind this wave of new entrepreneurs. The general population chooses flexibility over CTC.
However, this is not always true. Entrepreneurship is also seen as the quick fix to improve your financial status. People after quitting their exhaustive 9–5 not only look for job satisfaction but a fat paycheck. But, if you are someone who has gotten into business purely for money matters, it’s time to quit. Cause, an entrepreneur should have a vision of changing the world.
Co-working spaces are becoming more and more popular nowadays. Therefore, the cost of buying/renting any commercial space is out of the equation. It has given a boost and in fact, is the modern cause for rising entrepreneurs these days.
The ease of outsourcing has made it pretty easy for an entrepreneur to get professional help. Websites like Fiverr and Upwork promote freelancers and it is easier than ever to acquire people with great expertise.
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