Many entrepreneurs do not see this pandemic as a setback, as many of them believe that 2021 is the new era of business opportunities as markets have become more flexible due to the economic crisis, and it gives them an opportunity to bridge the market gap.
Maintain a work-life balance
Having your own business gives you an opportunity to be more independent and you can manage things in your own way. In the initial stages it may seem to be much cumbersome , but with the passage of time it is actually to have more authority over your business.As an entrepreneur, one doesn’t feel burdened and answerable to anyone.
Being an entrepreneur you have the liberty to launch new products and can make necessary changes as per the consumer taste or attitude without being stuck in the red tapism of getting approval from the line manager.Official figures show that a huge number of people have already applied the shift in their lives. Resources from (ONS) shows the new startups registered in the second half of 2020 amplified yearly. Additionally, according to the Enterprise Nation Survey in December 2020, one-in-five-UK adults were likely to start their own enterprise, and people between the ages of 18 to 34 are approximately 34% in it.
Lucrative opportunities in the E-Commerce Sector in the UK.
In 2020,The online market in The Uk stands at £141.33 billion and has shown 34.7% growth as compared to 2019.
Coronavirus has become part of our lives in lockdown and is certain to remain, so E-commerce could be seen as a solution to our economic problems.
The e-commerce industry has shown a gigantic growth during this period, and it is predicted that ecommerce sales will be exceeding £148.89 billion till 2024.
Time to focus on your personal strengths.
Last year due to the lockdown, people had plenty of time to reflect about the future of their business. They have set new goals for their businesses and got the opportunity to recognise their personal strengths.Being your own boss makes you be able to deliver more than expected and creating jobs for others in your business will make you more joyful.
Talented versatility in the UK Market.
Finding the right talent has always been a big challenge for new startups. Owing to Covid -19 situation many businesses have laid off their staff and they are managing their work with the bare minimum people. It’s a great opportunity for new startups to pick the best human resources readily available in the market.
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