The coronavirus pandemic is changing the landscape of our employment. The impending sweep of redundancies as the furlough scheme comes to an end and the withdrawal of opportunities to recent university graduates, is making people think very differently about their next career move.
The ingenuity of the UK’s public, in light of what are extremely challenging times, could possibly be one of the most fruitful and inspirational of unintentional consequences. While the economy retracts, with current businesses drawing their core essentials into harbour, those left outside are exploring new opportunities.
According to the Centre for Entrepreneurs and the BBC, “almost 50% more businesses were created in June 2020 when compared with June 2019”. While the expected recession looms ahead, we may yet witness a transformation in the economy, as people employ their own talents to realise ambitions which have previously been left unattended.
In a crisis we adapt.
New businesses are forming on Crowdfunder UK right now and we are going to help you to do the same
Recent entrepreneurs like Naomi and Olly, are sharing their experiences starting a new business of their own during the pandemic. The Public Spirit, is a new “craft alcoholic spirits brand, producing excellent quality drinks which support local communities around the UK, with a quarter of our profits going towards key causes”.
According to Olly who was made redundant in September, he has used this as an opportunity to reflect on his own interests and focus his attention and time into starting something of his own.
You can learn more about their journey here.
Thanks to research from Virgin Startup, ‘the coronavirus lockdown gave many people the time and space they needed to create new businesses”. From the 1,000 adults interviewed who had started or developed a new business during lockdown, this is what they found:
- 69% agreed that lockdown gave them the push they needed to start a business
- 73% said that lockdown has provided them with the perfect opportunity to focus on what they really want from their career
- 69% said that they needed to do something to supplement their income during lockdown
- 51% agreed that they’d never thought about becoming an entrepreneur before lockdown
- 46% said that their new business is focused on a hobby or passion rather than specific work experience
We know that entrepreneurism is part of the solution for people and businesses in the UK.
Jess was furloughed in April from her full time job in the charity sector and has used the time, in her words, “to turn a vision I’d had for so long into a reality”. Sustainable fashion was one of Jess’s great interests and ruminating over this challenge led to the creation of her new business Kitambaa, combining pre-loved denim with vibrant African fabric to produce refreshed custom garments.
Jess used Crowdfunder UK to find a market for Kitambaa, raising over £10,000 by pre-selling her new range as rewards to the 109 supporters, who will now become her first customers too.
What are we doing to help start ups?
For those people who are starting up a new business in response to COVID or because they themselves have been affected by it, Crowdfunder UK is covering the fees. This means that 100% of what you raise will go straight into your own bank account and towards the start up of your new business.
We are focusing our attention on you and we’ve got the tools to help. With our coaching team, support team and online resources, you’ve got everything you need to make this happen.
If you’re starting a business, why not share your story with us? Join this community of entrepreneurs and contribute a recording about your own journey, please get in contact with us at [email protected] Together, we’ll build a network of entrepreneurs who are working their way out of the crisis.
Join people like Emma, who after falling foul of recent cutbacks at work is starting her very own business, Trillium. Using 22 years of expertise in the care of plants for one of the UK’s greatest eco attractions, Emma is embarking on her crowdfunding journey to start growing and selling indoor plants of her own.
You can listen to her story here.
How crowdfunding can help you
Starting to draft a crowdfunding campaign, is a safe and very real step you can take to developing your business idea. By leaning on our three pillars of crowdfunding, ‘Planning, Creating and Running your project’, you will learn exactly how to tell your story, research your audience and identify the promotional channels needed to reach them.
Maybe you’ve got a passion for food like Andy, who after being made redundant from his job in advertising has switched career paths to follow his talents and create something that he really loves, pizza.
You’re ready. We’re ready. Let’s make your startup happen.
So whether you’re looking to start a business because you’ve suffered redundancy, are being forced to change careers or are simply looking to start a side hustle for extra security – we’re here for you.
Crowdfunder is here to be part of the recovery, helping the UK’s economy to get back on its feet, and we want you to join us.
Start crowdfunding today and join the community of entrepreneurs doing the same