3 Ways to Build for The Rise (And Fall) of Businesses
Starting a business is now considered the best way to build personal wealth.
That could explain why Americans are leaping into entrepreneurship at record rates – between 2021 and 2023, 5.2m business applications were filed.
Exciting times. 🤘
Source: US Census Bureau
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The not-so-exciting part? Many of them won’t make it past the first year. Even buzz-worthy startups that raised major capital (e.g. Ghost Autonomy) have faltered. Startup insolvencies are at record high.
But there’s a silver lining – with a high volume of business activity, there are opportunities to capitalize on either end of the spectrum.
Some Companies Are Already Cashing In