While the U.S. economy took a hit during the pandemic, the startup scene flourished. In 2020, Americans filed paperwork to start 4.3 million new businesses, according to the U.S. Census Bureau. And from December 2020 to December 2021, there was a 20.5% year-over-year increase in applications. Whether you’ve spotted an opportunity in the market or simply want to create a career that better aligns with your values, there are many motives to become an entrepreneur. But here’s the downside: You’ll probably fail.
