We Need Entrepreneurial Leaders Today Not Tomorrow
The pandemic has caused a global reset across industries and economies across the globe. Jobs will not merely return by re-opening doors as many fear the uncertainty from virus from mixed handlings of the virus have sparked debates debating success. As many businesses will close permanently, nations will rely on new business ventures to help replace the jobs lost. The statistics show the reality of the situation we are facing and the uncertainty of the global economy.
22% of all businesses – at least 3.3 million – have shut down from the pandemic.
Our most vulnerable communities have been hit hardest. 32% of Hispanic-owned and 41% of Black-owned businesses have shut down.
New business creation – the source of new jobs, productivity, and opportunity – is at the lowest rate in over 40 years.