During everyone’s quarantine period this past year, it’s safe to say there were more TV shows being consumed than in past years. Among those were popular reality entrepreneurial shows such as Shark Tank and The Profit, as well as scripted entrepreneurial shows like Dragon’s Den, Silicon Valley and StartUp. In a time where a lot of Americans were tight on money due to lack of hours at work or even losing their jobs, I found it interesting that views on shows about entrepreneurship were spiking in views.
In fact, Shark Tank was listed as one of the most-watched shows during the pandemic in America. What if I told you entrepreneurship spiked along with these shows during the 2020 pandemic?
What Should We Be Thanking?
Is it reality TV that is to thank for an influx in new products and businesses, though? They likely helped motivate entrepreneurs but definitely aren’t the only contributor. Surprisingly, a lot of new entrepreneurs are thanking that same lack of work during the pandemic I mentioned. While some people were devastated, others were using the pandemic as their motivator to do better. This article from CNBC perfectly sums up the journey of how entrepreneurs started to use a bad situation and make the best of the pandemic.
It’s also worth mentioning that it wasn’t only people waiting for the perfect moment- it was also people who used their loss of work to kick start a new career path for themselves. Not only that, but there were record numbers of women business owners. In 2020, 49% of new business owners were women, compared to the 29% in recent years.
Now Is The Perfect Time To Dive In!
Just because quarantine is over doesn’t mean your chance to develop a new product or start a business is. If Entrepreneurship in 2020 did anything, it was push the idea that no dream is too big or impossible- even in though situations. With resources like an abundance of investors, online development companies, and of course in-person product development companies like ours, there is still plenty of time for you to get started.
Interested in talking to us about your new product idea? Head over to our website and fill out a contact form or email us at hgsm_team@hendeygroup.com. We look forward to speaking to you soon!
