Two years from now, small businesses could add over $2 trillion to global GDP growth. After the pandemic cleared nearly 30% of small businesses from the field, many wondered what would happen next. It’s true that 2020 was a hard year for businesses of any size, but small enterprises faced the worst. Then in 2021, the global small business closure rate fell from 24% to 18%. That’s a noticeable decline, but still a high number. In the United States particularly, closure rates fell to 16%. Small Businesses Thrive Online As we rounded out 2022, the future started to look brighter. Over the past couple of years, Americans created millions of new businesses to fill gaps the pandemic left. Many of these businesses operate exclusively (or almost exclusively) online . After laying the foundations of their operation while working a day job, 67% of new small business owners are planning to grow their businesses full time. If they weren’t already online pre-pandemic, 62% of businesses that shifted to digital plan to expand digital operations going forward. Almost half of small and midsize businesses (SMBs) are ready to start planning for a digital future. Just over a quarter are already working […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
