Many experts have pointed to the Great Recession as the reason for the recent increase in startups and entrepreneurial activity nationwide. Typically, during an economic downturn more entrepreneurs incorporate
small businesses because that is often the only way to find employment.
For example, Nevada, which claims the country's highest rate of unemployment, also reported the highest startup rate last year - 510 for every 100,000 people - according to the Kaufman Foundation, as noted by Nevada Appeal.
"The conclusion that I'm coming to, because unemployment is so high, is people are creating all kinds of home-based businesses," said Rod Jorgensen, the director of counseling at the Nevada Small Business Development Center at the University of Nevada, to the source.
While Silicon Valley is typically the place for startups, more entrepreneurs have begun to branch away from the technology and computer software industries, instead launching more brick-and-mortar retail companies, consulting firms and educational companies, Inc. magazine reported. Other hot industries? Barber shops, online dating websites and the auto industry.
Fueled by the recession, more Americans have returned to school, looking for new skills to benefit their work. However, people are not just turning to graduate education - technical and trade schools are also gaining strength, with a reported 15 percent increase in sales, according to Inc.
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