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Entrepreneurs by Chance?

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The pandemic affects a lot of us in different ways. Be it how we go about our daily lives, how we work, and many more. To some, this shift in behavior creates an opportunity – an opportunity to start their own ventures. In 2020, the US, UK, France, and Japan, have all logged substantial increases in new company registrations in recent months, despite the severe blow COVID-19 has dealt to global economic activity [1], and that might have yet to include the self-launched ones [2]. In Indonesia, it’s not much different: with more time spent at home and less outdoor activities where we usually spend our money, a lot of people have taken the plunge to start their own businesses. We look into them, and how they’re doing so far as well as their intentions on continuing them well after the pandemic.

Out of all respondents, 70% have started their business during the pandemic, with 86% of them currently still running. 94% have stated that they are to continue running them even after the pandemic is over. The top reason for starting a business is for additional income, which is also quite a common reason for starting a business even before the pandemic. Only 24% does so because they’ve lost their jobs due to the pandemic.

The rise in number of small businesses during the pandemic is only one out of several noticeable changes due to the pandemic in Indonesia. If you’d like to know more, why not ask through a survey of your own? Snapcart’s TASC helps you create a survey for quick results, both for generic and targeted audiences. Try the free trial here.

 

Source:
[1] Pandemic triggers surge in business start-ups across major economies
[2] Is It Insane to Start a Business During Coronavirus? Millions of Americans Don’t Think So.

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