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A surge in new business formation suggests that the coronavirus pandemic has created a landscape in which entrepreneurs and startups can thrive and new innovations can break ground.
“This time has been really fertile. We’ve seen a huge increase in new businesses since the pandemic started,” said Julia Pollak, the chief economist at ZipRecruiter. “There are more opportunities out there.”
Government data show a record gap between the number of job openings and the number of unemployed people — 11 million versus 7.4 million. While that’s a headache of epic proportions for hiring managers and human resources directors, economists and labor market experts say there is a significant silver lining.
The Census Bureau’s Business Formation Statistics dataset shows a surge in the number of people filing tax paperwork to start new businesses. From January through November, just under 5 million new business applications were submitted, a jump of 55 percent over the same period in 2019. What’s more, a significant number of them are what the Census Bureau refers to as “high-propensity applications,” which means they are likely to create new jobs.
“There are a few big themes happening,” said Dave Carvajal, the CEO of Dave Partners, a recruiting firm focused on the tech industry. “There’s a large amount of money that’s going into venture-backed startups.”
Much of it is driven by the ascendance of digitally native consumers and workers — and the pandemic did the rest.
“The way people want to operate and the way they think is changing — and the new technology companies that are developing these technologies and systems facilitate that,” Carvajal said. “The way these people think is totally different from past generations. What this pandemic has done is accelerated a lot of these behavioral patterns. … It was quite a catalyst.”
You realize you’re working overtime every week. If you’re doing it, you may as well be doing it to make your own company.
Frank LaMonaca, a certified mentor at SCORE, a program that offers executive mentoring for entrepreneurs, said the pandemic opened an unexpected “window of opportunity” for people hungry to go into business for themselves. “What it did give them was the time to reassess the future of work in their life,” he said, adding that the two most popular SCORE workshops are in business fundamentals and social media marketing.
Danielle Neal, a second grade teacher in Baltimore, worked with SCORE mentors to hone her business skills. “I loved teaching, but … it was time for me to leave, essentially,” she said. So she resigned in May when the school year ended to turn what had been a side project helping small businesses navigate social media into a full-time enterprise.
“The market is there. Small-business owners want to put themselves out there, but they don’t understand the social media world,” Neal said, adding that she hopes to be able to expand enough next year to hire. “Long term, I’d like to hire people. … I want my own agency with other employees.”
For some former worker bees, the turning point was seeing their work responsibilities multiply in the wake of the pandemic. The pressure of juggling simultaneous office-based and online programs when her Florida-based employer reopened prompted Chelsea Kidd to come to a realization.
“I was back in the office and also supporting a lot of virtual initiatives. It had been a pretty challenging two-pronged approach to work,” she said. “You realize you’re working overtime every week. If you’re doing it, you may as well be doing it to make your own company.”
Kidd, who also was mentored by SCORE, resigned in late 2020 and moved from South Florida to Montana this year to launch SiteWell Solutions, a wellness consulting business focusing on remote workers.
The ability to work at home broadens the workforce in many ways.
“I’ve been in corporate wellness for about 15 years, [and] I was just ready to fully take the leap,” she said.
LaMonaca said: “The other thing I think is a permanent change is the ability to work at home. It broadens the workforce in many ways.”
The uncoupling of demand for talent tied to particular locations isn’t just good for entrepreneurs. It’s also promising from a macroeconomic standpoint. Researchers say one of the factors that contributed to a tepid and uneven recovery after the Great Recession was a lack of new business development.
The current startup surge is also a tremendous benefit for some of the many workers who took advantage of the disruption the pandemic generated to take the next steps in their career paths.
“I think what shifted is, post-pandemic, this whole concept of remote-only opened up a world of new opportunities,” said Anand Balasubramanian, who left a job where he had worked for six years because greater acceptance of telecommuting gave him opportunities beyond Ames, Iowa, where he lives.
Balasubramanian said he had good relationships with colleagues and management at his old job, but he recently took a job at a startup based in New York City, with a dispersed workforce of about two dozen.
“In terms of my career, where I wanted to go, my personal journey is I wanted to experience a startup from the ground floor,” he said. “I want to learn how to build a marketing team. I’m going … in with the right attitude to learn.”
Carvajal said the fierce competition for talent gives workers the confidence to take gambles on high-stakes gigs or decide to go it alone.
“In a recession economy, people tend to stay in their jobs longer and they will tolerate being underemployed,” he said. “In the economy we’re in right now, people feel so secure that they’re really kind of reaching and aspiring for the bigger jobs, bigger growth and bigger opportunities.”
Martha C. White is an NBC News contributor who writes about business, finance and the economy.
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TOP 4 Essay Writing Services in the USA: 2023 Edition
As an increasing number of students seek assistance with their academic assignments, the demand for reliable essay writing services continues to grow. With so many options available, it can be challenging to identify the best service providers. To help you make an informed decision, we have compiled a list of the top 4 essay writing services in the USA for 2023. These services have been carefully evaluated based on their reputation, quality of work, customer satisfaction, and affordability. Read on to discover the top essay writing services that can provide you with the support you need to excel in your academic journey.
What Makes a Great Essay Writing Service
Before delving into the top essay writing services reddit, it’s essential to understand the criteria we used to evaluate them. A great essay-writing service should possess the following qualities:
- Quality of Work: The service should deliver well-researched, original, and high-quality essays that meet academic standards.
- Professional Writers: The service should have a team of qualified writers with expertise in various subjects who can handle diverse topics.
- Timely Delivery: The service should be reliable and capable of delivering essays within the given deadline.
- Customer Support: The service should provide excellent customer support, ensuring effective communication throughout the writing process.
- Affordability: The service should offer reasonable pricing plans that are affordable for students while maintaining the quality of work.
Now, let’s explore the top 4 essay writing services in the USA for 2023.
TOP 4 Essay Writing Services in the USA: 2023 Edition
EssayPro is a highly reputable essay writing service known for its commitment to quality and customer satisfaction. They have a diverse team of experienced writers who can handle a wide range of subjects. EssayPro offers a user-friendly platform, allowing students to place orders easily and track the progress of their essays. Their pricing is competitive, and they offer additional features such as plagiarism reports and unlimited revisions.
Grademiners is a popular choice among students due to its excellent track record and reliability. They have a team of highly skilled writers who are proficient in various academic disciplines. Grademiners ensures on-time delivery and provides 24/7 customer support to address any concerns. They also offer free revisions and a money-back guarantee, ensuring customer satisfaction.
Ultius is known for its exceptional writing services and commitment to customer privacy and security. They have a rigorous writer selection process, ensuring that only qualified professionals handle the essays. Ultius offers a wide range of writing services, including essay writing, editing, and proofreading. They also provide a mobile app for convenient communication and order tracking.
EduBirdie is a trusted essay writing service that offers a unique feature called “choose your own writer.” Students can browse through profiles and select a writer who matches their requirements. This personalized approach allows for effective collaboration and ensures that the final essay meets the student’s expectations. EduBirdie also provides 24/7 customer support and guarantees 100% original and plagiarism-free content.
How We Evaluated the Services
To evaluate the essay writing services, we considered several factors, including:
- Reputation and reliability
- Quality of work and adherence to academic standards
- Customer reviews and satisfaction
- Pricing and affordability
- Additional features and guarantees
- Customer support and communication
By carefully analyzing these aspects, we identified the top 4 essay writing services that offer outstanding support to students.
Choosing a reliable essay writing service is crucial for students seeking academic assistance. The top 4 essay writing services mentioned in this article – EssayPro, Grademiners, Ultius, and EduBirdie – have proven their worth in terms of quality, reliability, and customer satisfaction. Whether you need help with an essay, research paper, or any other academic assignment, these services can provide you with the support you need to succeed in your studies.