The Wall Street Journal published an interesting article this week about how workers are walking away from corporate employment to start their own gigs in record numbers.
The number of unincorporated self-employed workers has risen by 500,000 since the start of the pandemic, Labor Department data show, to 9.44 million. That is the highest total since the financial-crisis year 2008, except for this summer.
Entrepreneurs applied for federal tax-identification numbers to register 4.54 million new businesses from January through October this year, up 56% from the same period of 2019, Census Bureau data show. That was the largest number on records that date back to 2004.
Those who have recently or plan to soon start their own business should consider an SBA loan to help with working capital and funding. To learn more about the SBA and how it works, you may want to consider taking our free, on-demand learning courses at www.sbaignite.com.