THE COVID-19 PANDEMIC HAS OBVIOUSLY been bad for a lot of things. But it might end up being a good thing for entrepreneurship. For instance, it has forced many folks to rethink their careers. In 2020, per Bloomberg citing IRS numbers, 4.3 million people applied for employer I.D. numbers, up nearly 25 percent over 2019.
But like anything—and especially going into business for yourself—there are things to consider before taking the plunge. Success, after all, is far from a sure thing. History and the U.S. Bureau of Labor Statistics tell us that about 20 percent of those new pandemic-era businesses will fail within the first two years. The first five years? About 45 percent of those businesses won’t make the cut.
So, what does it take to make it? To get to the promised land? Here are some of the traits of successful entrepreneurs.
Curiosity
IF THERE’S ONE INHERENT TRAIT IN almost every entrepreneur I’ve met over the years, it’s curiosity. Entrepreneurs have the drive to solve problems. Not because they have the answer, but because they want to find out the answer.
Denne historien er fra August 20, 2021-utgaven av Newsweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 20, 2021-utgaven av Newsweek.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Margo Martindale
Jamie Lee [Curtis, producer] called me and she says, \"Jamie Lee Curtis here. I have a project for you. And you're gonna do it.\"
Malala Yousafzai
\"AFGHANISTAN IS THE ONLY COUNTRY IN THE world where girls are banned from access to education and women are limited from work.\"
In the Eyes of the Law
Jude Law is unrecognizable as an FBI agent on the trail of aneo-Naziterrorist group in real-crime drama The Order
Gonzo Intelligence
Instead of keeping a low profile, Moscow's spies are embracing the limelight and even being welcomed home by Vladimir Putin after their cover is blown
House of Cards
Donald Trump faces negotiations between Saudi Arabia and the U.S. in his second term—could his legacy of normalizing ties between Israel and Arab nations be a help or hindrance?
AMERICA'S Most Responsible Companies 2025
IN THE FACE OF ISSUES LIKE CLIMATE CHANGE and wage inequality, consumers care about the impact of the businesses they interact with and companies are responding.
RULES OF ENGAGEMENT
THE WORKPLACE IS BECOMING A BATTLEGROUND OVER POLARIZED OPINIONS. BUSINESS LEADERS NEED TO GET BETTER AT MANAGING DISPUTES
John David Washington
FOR JOHN DAVID WASHINGTON, BRINGING NETFLIX'S THE PIANO LESSON (November 22) from stage to screen was a family affair.
A Walk in the Parks
Jim O'Heir shares his memories of the hit NBC mockumentary and its cast's hopes of a reunion
Philomena Cunk
PHILOMENA CUNK IS JUST AS SURPRISED AS anyone else at her own popularity.
