There’s no specific number of startups in the world, as startups can mean new ventures or established businesses that have recently changed their focus. The definition of a start-up is largely determined by whether the business is funded by outside sources. Many startups will seek outside funding when they are ready to go public. The average startup takes between 10 and 20 years to reach Enterprise status, so those looking to establish their own business should be sure to consider if they have the potential to grow into a reputable company.
The post-Covid-19 world is becoming more dependent on technology, and it’s the perfect time to consider new tech startup ideas that can benefit from the digital age. Tech startup ideas could be founded on the development of mobile apps, software and big data analysis.
Consider the idea of starting a podcast in case you have a flair for audio and design. This is an easy and flexible business idea that doesn’t require any expensive equipment.
Another business concept that is popular is ridesharing. It offers the freedom and independence of entrepreneurship without a significant amount of capital investment. If you own a car and are a people person this is an excellent opportunity to earn an extra income in the form of a side income.