A combination of economic factors, evolving since 2020, has fundamentally reshaped numerous industries and redefined individuals’ relationships with work. Among the most notable outcomes of these transformations is the surge in entrepreneurial activity, including business sales.
Historically low interest rates and high government stimulus provided entrepreneurs and investors with easy access to funding. Transitions to remote and hybrid work and the rise of ecommerce made digitally-based businesses more attractive. Amid the Great Resignation, more workers considered career alternatives including entrepreneurship. While inflation and rising interest rates have somewhat cooled activity in the market more recently, signs point to sustained interest in entrepreneurial activity.
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