- The innovation born from the pandemic has created a host of new digitally native businesses designed to meet evolving needs and new market opportunities.
- The fuel driving this exponential growth of new small business formations around the world is ease and accessibility of digital operations.
- The top countries with the largest new business formation growth in 2020 were the UK (+101%), US (+86%), Australia (+73%), Germany (+62%) and Canada (+58%).
The global health crisis has disrupted businesses around the world in vastly different ways, but particularly small and medium-sized businesses (SMB), which make up more than 90% of the total worldwide. Many businesses closed their doors temporarily and others for good, while some saw unprecedented growth.
Yet a lesser-known outcome from the past 18 months has been the innovation born from this worldwide disruption, as a host of new digitally native businesses were created to meet evolving needs, new market opportunities and a global shift to remote-work environments, which has enabled the entrepreneurial to thrive.Continue reading… “Here are the top 10 nations enjoying the fastest growth in small businesses – and why it matters”