Looking for a second career after leaving the military can be a challenge and that is why in our current economic environment a growing number of veterans are choosing to become entrepreneurs. In fact, The Small Business Administration (SBA) Office of Advocacy recently reported there were over 379,000 veteran-owned employer businesses in the U.S., and 6.8 percent of all employer businesses were majority owned by one or more veterans.
An entrepreneur creates a business and takes on the majority of the risk when beginning a new business. But conversely, an entrepreneur is also the person who enjoys most of the reward if their business is a success.
The coronavirus pandemic and the ways businesses have had to adjust to ensure their survival and pivoting the trajectory of what 2021 will look like and how companies can best prepare for the upcoming year. Here are the top five trends that I believe will drive every business in 2021.
Investing is often thought as a rich and educated person’s exercise and the lay person often neglects to enter the market by convincing themselves they can’t afford to invest. In a recent survey, 48% of people who don’t invest said that they believed they didn’t have enough money to start investing.
Community involvement can involve volunteering, but it’s so much more than that. Being involved in things like a charity, rotary club, chamber of commerce and economic development council events, having a seat on a board for a local non-profit is all considered community involvement.
Nearly 40 million Americans live in poverty, and 39 million lack such bare essentials as access to healthy food stores. Seventy-three million Americans rely on Medicaid, and nearly half of college students struggle to pay for food, while more than half of low-income Americans age 50 and older say they want a healthy diet but can’t afford it. If America is a land of plenty, there is a large majority of individuals who would say the flip side of prosperity is scarcity.