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Why More New Businesses Are Started During a Down Economy…

cheerful female potter using laptop in pottery wor 2023 11 27 05 04 16 utc

The saying “necessity is the mother of invention” rings particularly true in economic downturns. When faced with job losses, reduced hours, or insufficient income, many turn to entrepreneurship as a means to take control of their financial futures. Here are several reasons why more new businesses tend to sprout during challenging economic times: 1. Increased Availability of Resources During economic …

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