Some of the entrepreneurs have reoriented their activities, starting a business in those areas of business that experience growth during the pandemic. For example, young entrepreneurs in the IT and communication or production segment have been more active than in 2019." The statistics collected by Swedbank show that the most popular in terms of the number of newly established companies is still the service sector, which 24% of new companies chose as their new business form (compared to 29% in 2019), followed by trade, which remained unchanged at 18%.
In third place is IT and communications, where the Whatsapp Number List number of newly established companies increased to 9% last year, compared to 8% in 2019. Meanwhile, the number of new companies in the manufacturing segment has increased from 7 to 9% last year. As Elīna Volāne explains, "the service sector is the most popular, because it is relatively easier to start a business in it.
Even despite the difficulties caused by the pandemic, initial investments for the service sector are relatively low and those working in this sector can immediately put their professional skills to use - for example, provide various legal, digital, advertising, video development consultations, etc.