The Great Resignation is already drastically reshaping the corporate landscape, but its impact could have repercussions far beyond big businesses.
A new survey indicates that the sizable number of people who are considering leaving their jobs aren’t just looking for new ones with better benefits or salaries. Some see it as a chance to start their own companies – and the result could be a massive influx of entrepreneurs and start-ups.
Since mid-2021, Americans had filed paperwork to start 3.2 million businesses, according to the Census Bureau. That’s a 41% increase over the same time frame in 2020 (which saw the most applications since the Bureau began tracking them) – and a 61% increase over the same period in 2019.
There have been more than 6 million filings since the pandemic began.
Read the Entrepreneurial Boom Could Be Looming HERE.
The Ten Most Common Types of Entrepreneurship
While the basic principles of entrepreneurship are the same—planning, starting and operating a business—the distinct nuances and skills needed vary depending on the type of business you plan to start. Becoming an entrepreneur requires the ability to define these differences and pinpoint the unique elements that are needed.
Traditionally, entrepreneurship is categorized into four main types: small businesses, scalable startups, large companies and social entrepreneurs. These models cover the fundamentals of starting a business and focus more on the company itself, rather than the qualities of the entrepreneur.
“However, just as the world continues to change, so do businesses. This means new opportunities for risk-taking and innovative game changers to pave the way in diverse entrepreneurial ways.”
With this in mind, even though there are quite a few similarities when it comes to the challenges that all business owners will face, there are certain types of entrepreneurship defined by the skills, characteristics, and personality traits of the entrepreneur. At the end of the day, it is the way you choose to run your business that makes them differ from one another.
Read more about the various types of entrepreneurship HERE.
How To Switch From An Employee To An Entrepreneur Mindset
Being an entrepreneur is an exciting and rewarding undertaking and, if you’re motivated by the thought of being your own boss, don’t be put off by the changes you’ll need to make to become a success. Not having one boss can mean you now have many, when you’re answering to your customers, your bank manager and the large number of people who are going to be looking to you for answers.
Being an entrepreneur isn’t the same as being an employee – no matter how high up the career ladder you’ve climbed. But the freedom you get as an entrepreneur means that you can develop your business, and run your life, in the way you think is best.
Read more about making the transition from employee to entrepreneur easier HERE.
Check HERE for books about entrepreneurship.
To learn more about comprehensive services and resources for current and aspiring entrepreneurs, please visit Acceler8Success Group website HERE.
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