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How Important Is Innovation and Diversity In Startups?

News
27 MAY 2024 13 MIN READ

The pandemic really showed both startups and individuals why having more than one stream of income is important. Industries that depended on 1 source of income, like travel and tourism, suffered greatly. For example, According to the study called “The Diversification Dividend” by Stryber, air traffic dropped by nearly 40%, causing numerous airline bankruptcies. Related sectors, like car rentals and hospitality, also faced severe difficulties.