November is recognized asNational Entrepreneurship Month. At BCC, we love entrepreneurs because they carve out new paths that help all industries move forward. They identify and evaluate risks, plow ahead and create impact in the world. And while they focus on executing on ideas and building amazing teams, BCC is honored to provide support behind the scenes.

BCC Research has been covering the Commerce industry for 50 years, and we like to keep an eye out for new advancements. Here’s some industry news we think you should know:

Like the rest of the world, Venture Capital firms and individual VCs are adjusting to a new normal. There’s no doubt that investment strategies will need to change—and are changing—in order to stay profitable. COVID derailed what had been a significant trend of growth in VC investments and the companies they funded. This long trend was erased in a matter of weeks.

Starting a business is hard. No one would deny that. Starting a business that goes against traditional norms to disrupt an entire market or consumer habit? Even harder. But let it not be said that there aren’t folks rising to the challenge.

We want to send a big thank you to everyone who participated in our Startup Spotlight Contest and helped make it a success!

Robots have historically been designed to serve, be it in industrial, military, medical or other settings.
Emerging now is a new category of robot: Social.

Understandingwhy your business needsmarket researchis one thing.

“More than 70 percent of the senior executives...say that innovation will be at least one of the top three drivers of growth for their companies in the next three to five years.” (McKinsey & Company)

As an entrepreneur, you wear multiple hats and juggle many responsibilities simultaneously.