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Impact of COVID-19 on entrepreneurship

Impact of COVID-19 on entrepreneurship

Impact of COVID-19 on entrepreneurship

The Global Enterprise Monitor has released a report suggesting policy remedies to aid in the recovery of businesses worldwide. The report emphasizes the importance of comprehensive policy making in order to enable entrepreneurs to flourish during the ongoing pandemic.


According to the report, policymakers play a crucial role in creating holistic and conducive frameworks that will support entrepreneurs in a post COVID-19 world. It is essential for these policymakers to establish cohesive policies that address the challenges faced by businesses and provide the necessary support for their recovery.


The Global Entrepreneurship Monitor (GEM) report, titled "Diagnosing COVID-19 Impacts on Entrepreneurship - Exploring Policy Remedies for Recovery," highlights the significance of policies that can help entrepreneurs overcome the obstacles posed by the pandemic. The report is sponsored by Shopify, a leading global commerce company known for empowering over one million businesses in more than 175 countries.


In light of the current situation, the report emphasizes the need for proactive measures to support entrepreneurs and ensure their success in the aftermath of COVID-19. By implementing effective policies, policymakers can create an environment that fosters innovation, growth, and resilience among entrepreneurs. This will not only aid in the recovery of businesses but also contribute to the overall economic revival of nations.


In conclusion, the Global Enterprise Monitor's report provides valuable insights into the policy remedies that can facilitate the recovery of businesses worldwide. By adopting comprehensive and supportive policies, policymakers can play a crucial role in enabling entrepreneurs to thrive in a post-pandemic era.

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