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Another Silver Lining of the Pandemic AN ENTREPRENEUR’S TRIAL BY FIRE
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According to Entrepreneur, 23% of small businesses in America started as personal hobbies or passions. Many entrepreneurs just started doing something they loved in their spare time and figured out how to market their hobby as a business. During the pandemic, this trend has surged somewhat and could lead to increased small business growth well into the future. People are spending more time at home, whether that’s because they work from home now, their hours at their regular job were cut, or they were laid off. This has many people looking for “side hustles” or other means to make money besides their main source of income. If they had a hobby, such as bookbinding, woodworking, screen printing, or something else they just did for fun before the pandemic, they might be seriously thinking about turning it into a source of income. According to the adage, if you do what you love, you’ll never work a day in your life. Maybe. But finding out what you love doing is necessary to discover what kind of business you would want to start and run. For that reason, the pandemic could have led lots of people to leave their regular jobs to do something they actually enjoy. Starting a business, or even buying a business that is already established, is a risk. You’re the ultimate decision-maker, and your business will succeed or fail, depending on the effort you put into it. That’s enough to keep most people (particularly many young people) from becoming entrepreneurs. However, since the pandemic shook up plenty of people’s employment situations, many people were finally convinced to commit to a life of being their own boss and making money doing what they love.
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Now, that wouldn’t be a bad outcome of this past year, would it?
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