Why 2021 Is The Best Time To Be An Entrepreneur

Amidst all the political turmoil and the pressing global pandemic, 2021 is the most opportune time to start a business. Debatably, one can say there’s never really a bad time to launch a business since you’re bound to face hurdles and competition in one way or another.

Even better, entrepreneurs will find that the economy today is fertile, making it perfect to take calculated risks. What’s more, millions of people are looking for employment and interest rates are at an all-time low. And with work-from-home arrangements in place, a business leader’s pool for talents has only grown. It also helps that major industries are at their most vulnerable today, allowing entrepreneurs to challenge the status quo by coming up with inventive solutions.

Lest we forget that recessions, too, have given birth to numerous household brands the globe continues to celebrate today. For instance, the first Hyatt hotel was born in the recession of 1958 and The Great Recession in the early 2000s introduced us to startups like Airbnb and Uber.

If you’re still unsure about venturing into the dynamic world of entrepreneurship, here are the top three reasons why you should brave your fears and go for it.

The consumption of digital products is exponentially higher than ever, making it the best time to launch a brand.

Since global lockdowns have been put in place, the internet has been a stable solution for workforces and communities alike. Restaurants have been pushing for improved delivery services and retail stores are doubling their efforts on e-commerce initiatives. Additionally, independent professionals like designers and writers have since been in demand too.

All these mentioned, establishing ventures, especially in the virtual space, has never been easier and more feasible. If you’re not convinced by today’s business numbers, consider your own shopping habits and assess how they’ve changed in today’s climate. Doing so also helps you understand where trends are heading and which shopping practices are going to stick with us for a while.

Quarantine has forced us to be more introspective than usual.

As the majority of us have had to spend more time at home than usual, many of us have had the opportunity to do what we love more—cooking, writing, creating art, building apps, or what have you. This also means we’ve had the chance to sit down and think about where we are in our lives right now and what we’re working toward. Last year has been a testament to how short life is, and if there’s anything certain today, it’s that going for chances that make us feel alive that most are an integral aspect of living. 

Give your ideas a chance—whether solopreneurship or service-based businesses, we now have the technology to easily enable the visions you dream for yourself.

The world is our market.

People have long turned to the internet for everyday solutions but never has the digital space been more critical and irreplaceable until today. As such, building an online business has never been more doable. The pandemic has impacted lots of people, with millions who need steady employment. If these people don’t make their own companies, they’re most likely to work with those who will.

That being the case, hiring people has become a lot easier. Among 2020’s long list of lessons, the globe has grasped how far remote working can empower us, allowing new entrepreneurs to take advantage of this set-up. Forget having to employ people who are within a radius away, and widen your scope. Look for people from different states, consider off-shore applicants, and build a diverse team.

Thanks to project management tools, working in the comfort of our own homes has been simpler and more convenient. It bears mentioning that arrangements like these allow for bigger savings too. Because you no longer need to pay for office space rent, electricity, and other utility bills that come with having a shared workplace, you can run your business in the most cost-effective way possible.

No-Code platforms are making it easier for remote working.

No-code platforms like bubble.io have allowed non-coders to succeed in the app development place, as well. This means that those with no formal background in developing software can now build programs on their own. Albeit learning curves differ, it’s nice to know that this opportunity is no longer exclusive only to skilled software engineers and coders.

If you’ve been meaning to create a social media community, stunning two-sided marketplaces, or even enterprise apps, consider yourself fortunate. Building businesses through visual programming mediums is now very much within reach.

If this is something you feel will take time, there’s also no shortage of no-code app development teams you can turn to for help. Not only are these agencies much cheaper than traditional software development companies, but they can also build your app faster, too, allowing you to introduce your brand to your market roughly five times earlier than conventional software projects.

What’s next?

Overall, the possibilities are endless. If you play your cards right and partner with the right people, you’re only one idea away from generating figures you only see on TV. Take a chance on yourself and trust the process. 2021 will be better if you allow it to be.

Have an app you want to build? We can help you with that!

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MVP.dev closed its doors on June 28, 2024 and is no longer taking clients.
MVP.dev closed its doors on June 28, 2024 and is no longer taking clients.
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