Marketplace All-in-One Time to strike out on your own?
Dec 15, 2025
A mix of insightful voices, including economics professor Abdullah Al-Burrani, delve into the surge of new business applications, particularly in retail. They explore why many are trading corporate roles for side hustles amid economic uncertainty. Al-Burrani highlights the gaps in economic data and public mistrust in government statistics. Additionally, the impacts of phasing out pennies on cash transactions and the gradual rise in home builder confidence are discussed, showcasing the multifaceted nature of today's economic landscape.
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Spike In New Business Applications
- New business applications rose 7% month-over-month and over 20% year-over-year, with retail driving much of the gain.
- People are responding to job insecurity, stagnant wages, and easier online tools to launch side hustles or small businesses.
Retail Push Mirrors Pandemic Trends
- Retail trade applications spike echoes 2020 when people sought extra income during the pandemic.
- Easier online formation tools and influencer guidance have lowered barriers to starting businesses.
From Corporate Job To Garage Organizer
- Vincent Popolo used web services to register Maryland Garage Solutions and launched within a month.
- He quit his corporate tech job and now gets most work through word of mouth organizing garages.