Rise Of Entrepreneurship
                     RISE OF 
ENTREPRENEURSHIP
Introduction
 The global  pandemic has brought  about  a 
t rue  boom in startups,  as the number of  new 
companies around the wor ld has s ignifi cantly  
surpassed the  indicators  of  last  year.  Such a 
surge in  entrepreneurship is  be ing attr ibuted 
to workers  who were la id off  and started the ir  
own businesses.
Source: www.forbes.com
Entrepreneurship in 
United States
 In the Uni ted States,  in  Ju ly  2020 the  number  
of  appl icat ions for  star t ing a business  
reached i ts  a l l - t ime highs of  551,657 00 an 
increase of  95% compared to the  same per iod 
in 2019,  according to the Census Bureau.
Source: www.forbes.com
Entrepreneurship in 
France
 In France,  84,000 new bus inesses were  
registered in  October,  according to McKinsey.  
This  i s  a h is tor ical  maximum and a 20% 
increase f rom the same month in 2019.
Source: www.forbes.com
Entrepreneurship in 
Japan
  Japan registered 10,000 new businesses in  
September 2020,  up by 14% over the same 
month in  2019.
Source: www.forbes.com
Entrepreneurship in UK
 In the U.K. ,  the number of  registered 
companies increased by 30% year  on year in  
November and December  2020,  according to 
the  Nat ional  Stat ist ical  Offi ce.  Startups have 
grown in the double-d igi t  values s ince  June.
Source: www.forbes.com
Changing consumer 
demand
 Startups are  t ry ing to  respond to changing 
consumer demand by opt ing for  the  logist ics ,  
de l ivery and IT  industr ies.  
 For example ,  according to an analys is  
conducted by the  Univers i ty  o f  Kent,  onl ine  
t rading was the dr iv ing force behind the  
startup boom in the fi rst  11 months of  2020 
in the UK.
Source: www.forbes.com
Real estate
 Real  estate  has t ru ly  seen the  introduct ion of  
dig i t i zat ion over  the course of  2020,  when 
v iewings of  propert ies were  d iverted into the  
onl ine envi ronment.
 Some startups have caught  on to the onl ine  
t rend and started off er ing specia l ized 
serv ices ta i lored to the  industry.  
Source: www.forbes.com
Retail and warehouse 
businesses
 Growth appeared to  be  strongest  in  retai l  and 
warehouse bus inesses,  perhaps refl ect ing the  
boom in e -commerce dur ing the pandemic.  
There was a lso a notable  increase in heal th 
care start -ups.
Source: www.forbes.com
Entrepreneurs Are 
Opportunists
 Businesses usual ly  face  problems every day.  
This  i s  due to  the  external  envi ronment.  Most  
usual ly  r ide th is  “wave” and endure.  
 They try to brace the company for  what  i s  to 
come rather than fi nding a way out or  better ,  
fi nding opportuni t ies.  Entrepreneurs are such 
that  they fi nd opportunit ies  that  others  would 
not fi nd.
Source: www.earlytorise.com
The current rise of 
entrepreneurship
 With economic t imes tough,  many people  are  
fi nding themselves d is i l lus ioned wi th the idea 
of  doing a job for  someone e lse.  
 The lack of  secur i ty  in  the current c l imate  
leaves many profess ionals  changing employer  
every couple  of  years,  and fee l ing 
increasingly  less loyal  to the bus inesses they 
work for.  
Source: www.forbes.com