For one, we fundamentally believe there’s never really a “wrong” time to start a business. Either way, you’re going to face challenges. Either way, you’re going to have to deal with some level of competition.
But more concretely, the economy right now is fertile ground for entrepreneurs and business owners. Interest rates are as low as they’re ever going to get. Millions of people are looking for jobs, which means labor markets are abundant. The rise of “working from home” has opened a larger pool of talent to choose from when hiring. And most importantly, major industries are showing their vulnerabilities—which means opportunity for entrepreneurs savvy enough to invent new, compelling solutions.
As we get closer daily to be vaccinated for the Covid-19, there will be a massive amount of pent-up demand for consumers who have been waiting to travel, go to concerts and sporting events, and even just get back to shopping in retail stores and dining at their favorite restaurants. At the same time, some of these other trends like remote work and leaner workforces we believe will also continue to accelerate—so finding ways to capitalize on both will be crucial for entrepreneurs.
Manager’s Office Team