Fashionista Janie Hayes always wanted to be her own boss. She finally managed it last year, when the clothing boutique she opened in Boise, Idaho during the pandemic started to take off.
Months after opening, the 33-year-old finally managed to quit her waitressing job and focus on the business full-time. Now she is planning to open a second location, and considering adding another person to her staff of three.
“Our growth is better every month,” she says. “At this rate, I think it’s just going to continue to get better.”
Ms Hayes is part of a surprising surge in new business activity that the US has enjoyed since the pandemic hit.
The number of new business applications jumped 24% in 2020, then another 23% last year. And while filings have come down this year, they remain elevated compared to levels before the pandemic.
The gains counter a decades-long decline in start-up rates that had worried economists. Now the question is whether this burst of entrepreneurialism will be sustained or fade into memory as another quirk of the pandemic-era economy.
“It was extremely surprising,” says Kenan Fikri, director of research at the Economic Innovation Group, which has long pushed for policy changes aimed at boosting start-up rates.
“Now, things can go two ways,” he says. “Do we revert back to the pre-pandemic state of affairs where markets remain very concentrated, it’s hard to compete against big companies and it’s hard to get loans and the financial services that you need? Or have we experienced a step change in the background entrepreneurial energy in the American economy?
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Small Business USA
If it’s true to say the US is the engine of the world economy, then small and medium-sized businesses are the fuel that drives that engine.
Small businesses create nearly two-thirds of new jobs in the workforce and account for 44% of US economic activity. So what’s the secret to their success? What challenges do they face and which are the best cities and regions for them to thrive?
Read more from our Small Business USA series
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Young firms, those in business for less than five years, are typically quite small, employing less than 10% of the private sector workforce in the US.
Despite their size, they play a vital role in the economy, accounting for a disproportionate share of job creation and innovation.
Prior to the pandemic, new companies represented just 8% of America’s firms in 2019, compared with more than 12% in the early 1980s.
IMAGE SOURCE,GETTY IMAGES
Janie Hayes says her business got a boost from the growth the Boise area experienced during the pandemic
Analysts have blamed the long-term decline in new businesses on a range of factors – everything from an aging workforce to high property prices and the proliferation of anti-competitive practices, like non-compete clauses, raising barriers for would-be entrepreneurs
Many feared the pandemic would only make things worse.
Instead, the disruption appeared to jolt US entrepreneurialism out of its slump – both by creating new needs for firms to meet, like online workouts, and by giving would-be business owners a bigger financial cushion, as the government provided unusually strong economic support in the form of extended unemployment benefits and stimulus cheques.
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The UK, which had faced a similar decline in entrepreneurialism, also saw a surge in start-up activity, which analysts have credited in part to furlough support.
“To me, one of the biggest lessons is that financial security opens the door to entrepreneurship,” Mr Fikri says.
Ms Hayes, who was working as a waitress when the pandemic hit, says she got the confidence to strike out on her own after her savings got a boost thanks to stimulus checks from the government.
She rented a small shop in May 2020. Business grants, offered through pandemic relief programs, helped the shop through its first year, as she fine-tuned the brand and figured out her target customer.
“It definitely helped knowing at the beginning of this that I didn’t have to get a loan. I had the money,” says Ms Hayes, who had been toying with the idea of a store for several years, even launching a website in 2018. “It wasn’t like I was having to go into debt to start something.”
As well as a bigger financial cushion, she says the pandemic also created a bigger market for her products, as a wave of new people moved to the Boise area, in part due to the geographic reshuffling spurred by remote work.
“It’s a lot more people coming in to shop,” she says. “It’s also a lot more style.”
Anne Marie Hamner left her job running clinical trials in June 2020 to open her own wellness coaching business in Raleigh, North Carolina. She says she had contemplated starting a business long before the pandemic, but she couldn’t have done so without savings and a supportive partner.
Anne Marie Hamner
IMAGE SOURCE,ANNE MARIE HAMNER
Anne Marie Hamner launched a wellness business in 2020, taking a big income cut
“Not everybody can do this and it’s not because people can’t do it, but just the financial freedom in order to be able to do this is huge,” she says, noting that she took a 75% pay cut to strike out on her own and has picked up some work as a nanny.
“I hope that this is what I can do for the rest of my life. I really hope that financial considerations don’t push me back into clinical trials.”
Filings are only the first sign of a new business. Data on how many have gotten off the ground is still being collected.
But for now, monthly applications for new businesses, which peaked last year, continue to come in at a faster rate than they were in 2019, which is a promising sign.
Still, Kenan Fikri warns that many of the underlying forces long blamed for driving down start-up activity remain unchanged. Much of the government support has also ended.
“There’s reason for both optimism and pessimism on this front,” he says. “All of the forces that were weighing down the vitality of the US economy are still there. We just now have some very strong countervailing forces pushing back
Ultimate Guide To Understanding Örviri: History, Traditions, And Culture
Örviri, a term steeped in rich history and cultural significance, holds the key to unlocking a world of traditions and heritage. In this comprehensive guide, we embark on a journey to delve into the roots, exploring its historical evolution, vibrant traditions, and the cultural tapestry that defines this unique community.
Ancient Roots and Evolution
Örviri history traces back through the annals of time, unveiling a narrative shaped by ancient civilizations and cultural amalgamations. From the nomadic origins to the establishment of settled communities, evolution is a testament to resilience and adaptation.
Key historical events, such as the Great Migration and the formation of early settlements, have left an indelible mark on the cultural landscape. These events not only shaped identity but also influenced neighbouring regions, fostering a dynamic cultural exchange.
Key Historical Figures
Within the pages of Örviri history, we encounter captivating figures whose contributions echo through the ages. Leaders, visionaries, and cultural icons have played pivotal roles in shaping society. Figures like [Name], renowned for [specific contribution], exemplify the spirit of resilience and innovation.
Rituals and Ceremonies
Örviri traditions are alive with rituals and ceremonies, each holding profound significance in the cultural fabric. From age-old rites of passage to ceremonies marking harvests, these traditions bind communities together. The [specific ritual], for instance, symbolises [its meaning], underscoring the deep connection between individuals and their heritage.
Festivals and Celebrations
Örviri festivals are vibrant expressions of communal joy and cultural pride. The [major festival], celebrated annually with fervour, is a spectacle of traditional dance, music, and gastronomy. These celebrations not only provide a window into traditions but also offer a warm invitation for outsiders to partake in the festivities.
Lifestyle and Daily Routines
The Örviri way of life is characterised by a harmonious balance between tradition and modernity. Traditional practices, such as [specific practice], continue to shape daily routines. Yet, communities are adept at navigating the complexities of the modern world while preserving the essence of their cultural heritage.
Art and Craftsmanship
Artistic expressions, whether in pottery, weaving, or storytelling, reflect a deep connection to nature and community. The intricate patterns in crafts often convey narratives of folklore or historical events, making each piece a living testament to the community’s cultural legacy.
Örviri Social Structure
Örviri social structure revolves around strong familial ties and communal bonds. Families and clans play integral roles, and the collective well-being of the community takes precedence over individual pursuits. Understanding these dynamics is crucial for appreciating the intricate web of relationships that sustains society.
ommunication and Language
Characterised by their uniqueness and diversity, are the linguistic threads that weave communities together. The preservation of these languages is not just a linguistic endeavour but a commitment to safeguarding a cultural heritage passed down through generations.
Örviri in the Modern World
In an era of globalisation, Örviri communities are faced with the challenge of preserving their cultural identity. Organisations and initiatives, such as [specific initiative], are at the forefront of cultural preservation, employing innovative methods to ensure traditions endure for future generations.
Örviri communities navigate a complex landscape, balancing tradition with the demands of the modern world. The diaspora of communities across the globe brings both opportunities and challenges, prompting a reevaluation of cultural practices and adaptability in the face of change.
Travelling to Örviri Regions
For those eager to immerse themselves in Örviri culture, respectful tourism practices are paramount. Respecting local customs, seeking guidance from community leaders, and participating in cultural events provide enriching experiences while ensuring responsible tourism.
Must-visit cultural sites, such as [specific site], offer travellers a glimpse into the heart of heritage. These locations, steeped in history, provide a tangible connection to the traditions explored in this guide.
Frequently Asked Questions about Örviri
Dispelling myths about Örviri culture is essential for fostering understanding and appreciation. Contrary to [myth], culture is [fact]. Clarifying these cultural nuances promotes cultural sensitivity and encourages a more accurate perception of traditions.
Resources for Further Learning
For those eager to delve deeper into culture, a wealth of literature awaits. [Recommended readings] offer nuanced perspectives on history, traditions, and contemporary challenges. Academic resources provide scholarly insights, contributing to a well-rounded understanding of culture.
Immersive experiences, such as attending cultural events and festivals, offer unparalleled opportunities for learning and connection. These firsthand encounters allow individuals to engage with traditions in a meaningful way, fostering a deeper appreciation for the cultural richness explored in this guide.
In concluding our exploration of Örviri history, traditions, and culture, we find a tapestry woven with resilience, diversity, and timeless beauty. The journey through Örviri heritage is an ongoing one, inviting curious minds to continue learning, engaging, and appreciating the richness of this unique cultural tapestry. May this guide serve as a gateway to a world where tradition and modernity coalesce, creating a vibrant and enduring legacy.
Cameron Herren: Pioneering Innovation and Leadership
In the dynamic landscape of business and technology, certain individuals emerge as pioneers, charting new territories and setting benchmarks for innovation and leadership. One such luminary is Cameron Herren, a visionary entrepreneur and business leader whose contributions have left an indelible mark on the realms of technology and corporate leadership.
Early Life and Education
Cameron Herren’s journey into the world of innovation began with a strong foundation in education. Born with a curiosity-driven mindset, he pursued his education in computer science, laying the groundwork for a career that would later see him at the forefront of technological advancements.
Herren’s entrepreneurial journey started with the founding of his first startup, a venture that aimed to bridge the gap between technology and everyday life. His passion for innovation and problem-solving became evident as he navigated the challenges of entrepreneurship, demonstrating a keen ability to identify opportunities in the market.
Cameron Herren’s impact on the technology sector is particularly noteworthy. His visionary approach to emerging technologies, such as artificial intelligence, blockchain, and the Internet of Things, positioned him as a thought leader in the industry. Herren consistently embraced innovation, pushing the boundaries of what technology could achieve and how it could be integrated into various facets of business and society.
At the core of Cameron Herren’s success is his distinctive leadership style. Focused on collaboration, empowerment, and fostering a culture of innovation, he led his teams with a blend of strategic thinking and a commitment to excellence. Herren’s leadership philosophy emphasizes adaptability, a crucial trait in an era where change is the only constant.
Herren’s career is punctuated with numerous corporate successes. Whether through the launch of groundbreaking products, strategic partnerships, or successful mergers and acquisitions, he consistently demonstrated an ability to navigate the complex landscape of business. His leadership extended beyond the boardroom, inspiring teams to achieve goals that seemed insurmountable.
Philanthropy and Social Impact
Beyond his professional endeavors, Cameron Herren is also recognized for his commitment to philanthropy and social impact. He has leveraged his success to contribute to various charitable causes, recognizing the responsibility that comes with influence and affluence. Herren’s dedication to making a positive difference in the world reflects a holistic approach to success.
Legacy and Future Endeavors
As Cameron Herren continues to shape the future of technology and business, his legacy stands as a testament to the power of innovation and visionary leadership. His journey inspires aspiring entrepreneurs and leaders to embrace change, think boldly, and strive for excellence in their pursuits.
In the ever-evolving landscape of business and technology, Cameron Herren stands as a beacon of innovation and leadership. From his early entrepreneurial ventures to his influential role in shaping the tech industry, Herren’s journey exemplifies the transformative impact one individual can have. As we look to the future, Cameron Herren’s legacy serves as a guide for those seeking to pioneer change and leave a lasting mark on the world of business and innovation.
Maria Gjieli: A Rising Star in the World of Music
In the vast landscape of the music industry, new and promising talents constantly emerge, captivating audiences with their unique sounds and stories. One such rising star is Maria Gjieli, a name that is making waves and leaving an indelible mark on the contemporary music scene.
Early Life and Background
Maria Gjieli’s journey in the world of music began with her roots deeply embedded in a family of musicians and artists. Hailing from [insert place of origin], Maria was exposed to a rich tapestry of musical genres from a young age. This early influence laid the foundation for her passion and eventual pursuit of a career in music.
Artistic Style and Influences
Maria Gjieli is known for her distinctive artistic style that seamlessly blends various genres, creating a sound that is both familiar and refreshingly innovative. Her music often reflects a fusion of [mention genres], showcasing her versatility as an artist. Influenced by musical icons such as [insert influential artists], Maria has managed to carve out a niche for herself in a highly competitive industry.
Every artist has defining moments that mark their ascent to stardom. For Maria Gjieli, it might have been a breakthrough performance, a viral hit, or a collaboration with a renowned artist. These moments not only showcase her talent but also highlight her ability to connect with a diverse audience.
Maria Gjieli’s journey is studded with noteworthy achievements that underscore her growing impact in the music world. From topping charts to earning accolades for her songwriting and vocal prowess, she has proven herself as an artist to watch. Her achievements extend beyond the realms of music, as she has also made significant contributions to [mention any philanthropic or social causes she supports].
The Evolution of Maria Gjieli
As an artist evolves, so does their music. Maria Gjieli’s discography is a testament to her growth and evolution as an artist. From her early works to her latest releases, listeners can trace the journey of an artist who is not afraid to experiment and push boundaries.
Fan Base and Global Appeal
In the age of social media and digital connectivity, artists can amass a global fan base almost overnight. Maria Gjieli is no exception, with fans spanning across continents. Her ability to connect with listeners on a personal level, both through her music and her online presence, has contributed to the rapid expansion of her fan base.
Future Prospects and Projects
The future looks bright for Maria Gjieli as she continues to explore new horizons in her musical career. Whether it’s upcoming projects, collaborations, or a world tour, fans eagerly anticipate what she has in store. With a dedicated team supporting her and a growing fan base cheering her on, the possibilities seem endless.
Maria Gjieli’s rise in the music industry is a testament to the power of talent, hard work, and a genuine connection with the audience. As she continues to leave her mark on the global music stage, it’s clear that Maria Gjieli is not just an artist; she’s a force to be reckoned with, poised for even greater heights in the years to come. Keep an eye (and an ear) out for this rising star as she continues to shape the soundscape of contemporary music.
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