The majority of people who plan to start a business within the next 12 months say the coronavirus influenced their decision. 28% said the pandemic accelerated their plans to start a business, according to a recent QuickBooks survey. 35% set out to start a new business for additional and much-needed income.
But starting a business doesn’t look the same as it once did. More new business owners (75%) plan on hiring remote workers this year. And nearly 9 in 10 plan to host their new business online. In fact, building a website is a top priority for 58% of new business owners, compared to only 33% of current business owners. New business owners are more focused on getting funding than their predecessors. And 76% say they have a contingency plan if things don’t work out.