Jenn Flynn leads Capital One Small Business Bank and is a highly respected corporate finance executive with 20+ years of experience. getty Another year brought another complex series of challenges for business owners to navigate. Fortunately, neither record-breaking inflation nor ongoing supply chain issues were a match for the resilient, entrepreneurial spirit of the small-business community. It’s encouraging to see that commitment reflected in the number of new business applications in the last quarter of 2022, which has held steady at around 400,000 applications per month for the past two years. Reasons for this sustained growth in new businesses vary. A recent survey from Capital One Business found that business owners who started their business during or after March 2020 were motivated to do so because their free time had increased, they were laid off from their job or they were able to scale their side hustle into a business, among other factors. These business owners share that they feel rewarded for taking the leap into entrepreneurship with a more flexible schedule, and by having the ability to spend more time with their families. I love hearing from business owners about how empowered they feel since starting a business, […]
Set Your Business Up For A Successful Year Ahead
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