More than half of these new business owners plan to hire at least one employee within their first 12 months. Another 50% intend to hire at least one contractor.
But, starting a business looks a bit different than it did before the coronavirus. Nearly one in four new business owners say they plan to operate with a completely remote workforce. Remote work was rising in popularity long before the coronavirus, but in the wake of COVID-19, businesses across the country are considering a permanent shift to remote work.
Workers aren’t the only ones going digital. COVID-19 has changed how many consumers interact with small businesses, and experts predict that this surge in e-commerce is here to stay. In fact, 28% of small business owners say they are selling more products and services online, and 94% say the coronavirus directly influenced that change.
Additionally, many businesses had to rethink their products and service offerings to adapt to an e-commerce world. Of those who developed new products and services this year, 86% say they had done so as a result of the coronavirus. These changes certainly haven’t been easy, but they have highlighted the innovative spirit and resilience of small business owners worldwide.
Read the full survey and learn more about how to start a business in 2020 and beyond.