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Here’s why we’re seeing a rush to create new businesses

Mount Equity Group Tokyo, Japan > News > Business > Here’s why we’re seeing a rush to create new businesses

When it comes to people starting new businesses, the U.S. has been in a decades-long slump. That is, until now.

There were over 4 million applications for businesses last year, according to the Census Bureau — the most since the government started keeping track. What’s behind that surge?

Most of us have reached some kind of breaking point during this pandemic. Kelly Clancy’s happened while teaching political science to college students from her basement in Nebraska.

“All of a sudden I felt water dripping down [from the ceiling], and I went upstairs and my daughter had dumped out her water cup and she was like, ‘I made a beach in our living room!’” Clancy said.

Teaching with three kids at home wasn’t working. So, Clancy moved her family to Texas where her parents live and started a business called Epilogue Editing and Consulting.

“I need to do something different because I…

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