Small businesses have been on the rise due to a variety of social and economic factors. These include an increase in consumer demand for personalized services, the emergence of new technologies that make it easier to start and manage a business, the availability of more flexible financing options, the rise of the gig economy, and the desire for more autonomy and control over one’s career. Additionally, the current economic climate has made it easier for entrepreneurs to start businesses, as the cost of starting a business has decreased significantly in recent years.
