Entrepreneurs Hold Strong Regardless of Challenges 2020 Have Brought
71% of entrepreneurs around the world expect their business to recover in a year, 45% say they will bounce back in 3-12 months, and 26% say they will recover to pre-pandemic levels in three months or less according to a study by GoDaddy.
As we continue to support small businesses and what they mean to our economy, they are continuing to find ways to thrive. Out of the 5,265 businesses surveyed, 90% had 10 employees or less and over half of those are solo entrepreneurs.
Don’t be fooled, even though this seems like a very optimistic viewpoint, 34% of those individuals said they were forced to change how they operate to adapt and 33% said they had to temporarily shut down. The key however, is the willingness to adapt in order to not only survive, but thrive.
“As difficult as the last six months have been, it’s been inspiring to see global entrepreneurs determined to work their way back to recovery and success,” said GoDaddy’s Melissa Schneider, VP of Global Marketing operations.
IBM invests $100 Million in HBCU Computing Programs
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New Coworking Spaces Around the Triangle
Covid-19 has changed the business landscape in many ways. The biggest change has been the work-from-home culture that many businesses have adopted. While it’s nice to save on the commute time, it can also mean a lot of distractions from kids, a spouse, pets, Amazon deliveries, etc…
If you find yourself needing to escape for important meetings, or just to keep your sanity, newer coworking spaces offer more than their legacy counterparts. Did you know you could take advantage of some or all of these perks as a member of a coworking space?
- Fitness Center
- A Wellness Room
- Conference Rooms
- Private Offices for Teams
- Dedicated Desks for Individuals
- Outdoor Space
- Virtual Memberships
- Office Supplies
- Breakfast and Coffee
- Dining Options
- A Fitness Center
- and Beer!
If you’re looking for a coworking space in the Triangle, check out the Interactive Startup Spaces Map!
On the Books Recommendations
Books, Podcasts, and More!
September Podcast: We Get Real AF (WeGRAF)
The title might not be what you think! WeGRAF is for Women and Girls in Emerging Tech, XR, AI, and Futurism. Focusing on how science & tech can be used for good, this podcast uses the voices of influential women to discuss and explore how cutting-edge science and tech impact culture and humanity. Listen Here.
September Book: Traction (Get a Grip On Your Business)
Focusing on the secrets of strengthening the six key components of your business, this book has had an impact on our own company here at On the Books. More focus, more growth, and more enjoyment!
If anyone has read this book, we would love to chat about how you have implemented EOS yourself. For those who haven’t, we strongly recommend! Get this book here.
Upcoming Virtual Events
Raising Money: The Basics – October 1st @ 6:30-8:00pm – For startups, this 4 week course is a must! Join to learn whether raising capital makes sense, what forms of capital are available, key terms and documents you will encounter, as well as an overview of how venture capitalists think about and value your business.
Cape Fear Region Minority Enterprise Development Week – October 5th-10th – A week dedicated to recognizing the achievements of local minority entrepreneurs as well as networking opportunities and workshops.
On the Menu: Small Business Branding – October 6th 12:00-1:00pm – Want to learn how to tell a story to brand your small business? Join to discover 5 ways to use branding the right way with branding expert and former Disney storyteller – Annie Franceschi.
Angels & Devils: the details of Private Investing – October 7th – 6:00-7:30pm – A 4-week educational series focusing on building and managing a private company portfolio and achieving positive returns.