More From NBC
Follow NBC News
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.
© 2022 NBC UNIVERSAL
Carrots Have These 8 Amazing, Surprising Health Benefits
Initially, the vegetable originated in the geological area and the Asian United States, and it was initially only available in purple and yellow hues. Carrots are an excellent source of beta carotene, a natural mineral introduced by the body to provide sustenance, and they are high in fibre.
Carrots, which are crunchy, orange, and delicious, provide a variety of benefits to our health, pores, skin, and hair. These don’t appear to be particularly tasty, but they are loaded with numerous important nutrients, for example, beta-carotene, cell reinforcements, potassium, fibre, sustenance K, and so on.
Carrots are cultivated to promote eye health, lower dangerous LDL cholesterol, and aid in weight loss. Let’s put it to the test and find out why carrots are so good for you!
The following are twelve effective edges you might get from carrots:
1. Supports gadget
Most importantly, carrots contain a few phytochemicals that are well-known for their cancer-causing properties. Carotenoids and carotenoids are present in more than one of these associations. Overall, compounds create resistance and activate specific proteins that prevent the growth of most tumor cells. An investigation reveals on a screen that carrot juice can also fight leukemia.
2. Advances Glowing Skin
Investigate tips that stop outcome, and vegetables well off in those composites will finish pores and pores and skin ground and work with people’s appearances, thus making them more noteworthy young.
3. Fortifies Bones
Carrots are high in vitamins, minerals, and cancer-fighting agents. Vitamins B6 and K, potassium, phosphorous, and other minerals contribute to bone health, a more durable, and help with mental performance. Aside from selling the body to free extreme annihilation, cancer prevention agents keep an eye on the casing in the course of dangerous microbes, infections, and diseases. Physical cell digestion is managed by the ophthalmic component. Carotenoids have been linked to improved bone health.
4. Advances Male physiological circumstance (ED)
These fruitfulness meals may increase the number of sperm cells and their motility. According to research, this is a direct result of the fake carotenoids found in carrots, which are responsible for the vegetable’s orange color. However, it is still unknown whether carrots can improve sperm enjoyment and motility. Carrots are being tried to improve food for male physiological conditions and erectile dysfunction. Cenforce FM and Cenforce D can be used to treat impotency.
5. Keeps From Cancer and Stroke
Carrots have an unusual endowment in that they are loaded down with anti-cancer resources that will depress the cells’ blast. Essentially, studies have discovered that carrots can reduce the risk of a variety of diseases, including colon, breast, and prostate cancer.
6. Further develops the natural framework Health
Carrots contain a significant amount of dietary fibre, which plays an important role in supporting healthy stomach function. Fibre expands your stool, allowing it to pass more easily through the stomach-related plot and preventing stoppage.
7. Assists with managing polygenic affliction and basic sign
Carrots are high in fibre, which promotes cardiovascular health by lowering LDL cholesterol levels in veins and blood vessels. Calcium is absorbed through the frame of carrots, resulting in low but dangerous cholesterol levels.
Carrots have an unbalanced fibre content. An investigation found that advanced fibre consumption improves aldohexose digestion in people with the polygenic disorder. Following a healthy, well-balanced diet and maintaining a healthy weight can reduce the risk of type 2 diabetes.
Inconsistencies in glucose digestion may require a high level to combat aerophilic strain, and this is frequently where the inhibitor nutrients dilettanti ophthalmic thing axerophthol fats-solvent sustenance may also benefit.
According to one review, juice provided a 5 wrinkle inside the beat fundamental sign. The supplements in carrot juice, with fibre, K, nitrates, and vitamin C, have all been obtained to help this final product.
8. Advances Healthy Heart
To begin with, each cancer prevention agent is beneficial to your coronary heart. Furthermore, at 0.33, they should contain fibre, which can help you stay in shape and lower your chances of having a heart attack.
9. Forestalls devolution
Edges that are hostile to ophthalmic detail ensure the floor of the eye and provide a sharp inventiveness and perception. Taking juice will help to delay many eye diseases, such as macular degeneration, cataracts, and visual impairment. Overall, carrots contain lutein, which is an inhibitor that protects the eye from obliterating light.
10. Works on urinary organ and Liver perform
Carrots contain glutathione. Cell reinforcement has been shown to be effective in treating liver disease caused by aerophilic strains. The greens are high in plant flavonoids and beta-carotene, both of which stimulate and develop your popular liver component. Carrots contain carotenoid, which can help fight liver problems.
11. Palatable Anti-Aging
Along with carrots on your regular food, you will appreciate limiting the way you get more seasoned. Furthermore, beta-carotene functions as an inhibitor that advances cell harm, which happens as a result of the casing’s normal digestion.
12. Advances Weight Loss
Uncooked Carrots are 88% water when raw or ebb and flow. A regular carrot has the lowest difficulty level of 25 energy. Taking everything into consideration, including carrots in your diet is a wise way to fuel yourself while collecting calories.