Friday, June 18, 2021

Next 1000

Small businesses create most of our jobs. And America has always been rich in small businesses, like Chobani was before it grew to be valued at billions of dollars.

Millions of jobs were destroyed by the global pandemic, but something else erupted in 2020 - new business startups.

Musical theater actress Jackie Nguyen did her very last performance in Miss Saigon on March 15, 2020. With no house, car, or big savings account, she made a big move to Kansas City where she opened her own colorful mobile coffee shop selling lattes flavored with cardamom and lychee. Compared to her $90k income as an actress, she now brings in revenue of $30k/month and says she will never go back. She likes making all her own choices.

Covid unemployment sparked an explosion of new startups, largely in "fly-over" country (not on the east or west coasts). Forbes, known for highlighting huge wealth and success, has decided to start a new program of highlighting small startups which they expect to stand out - the "Next 1000."

from Forbes

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