The number of Americans looking to start their own business is on the rise, as the coronavirus pandemic creates opportunities for some would-be entrepreneurs. From the Associated Press.
Kelly Van Arsdale poses for a photo Monday, Jan. 31, 2022, in Spinnaker Chocolate, the store he owns with his brother in Seattle where they make and sell single-origin chocolate bars. Van Arsdale is holding a laptop showing his company's website, and he says despite getting a lot of foot-traffic business, reaching customers online has been expensive and difficult.
Now, these new owners are also dealing with the problems the pandemic has posed for many established businesses: changing guidance from health officials, difficulty reaching customers, snags in the supply chain and general uncertainty about what’s ahead. People who start their own companies are counted as employed by the government, lowering the jobless rate. But they aren’t included in the government’s count of total payroll jobs. As a result, the number of new jobs added each month may be understated as more Americans have struck out on their own. The Labor Department issues its latest employment report on Friday.
[Most read] Gov. J.B. Pritzker touts record on pandemic, crime, climate while offering nearly $1 billion in temporary tax relief in reelection year budget proposalFreelance designer Emma Gage, 26, was overwhelmed at first when she lost her job right after the coronavirus struck New York. But with pandemic unemployment assistance paired with savings, she soon had the budget to try to start her own fashion label. Her brand, Melke, is gender fluid and uses natural materials.
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