Is The Notion Of The Millennial Entrepreneur Just A Myth?
[vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”10px”][vc_column_text]That’s what John Lettieri, co-founder of the Economic Innovation Group, testified to the Senate this past summer. Why? There’s a difference between mentality and reality. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”#4 -Mentality-Wise, Millennials See Themselves As
” font_container=”tag:h2|font_size:30|text_align:left” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:300%20light%20regular%3A300%3Anormal” css=”.vc_custom_1475084804043{padding-bottom: 15px !important;}”][vc_single_image image=”13220″ img_size=”full”][vc_column_text]However, studies show the average age for a successful start-up company is 40. In fact, the only age group that shows a rise in entrepreneurial activity for the last 2 decades is between 55-65.[/vc_column_text][vc_separator color=”custom” el_width=”70″ accent_color=”#962468″ css=”.vc_custom_1468283466004{padding-top: 15px !important;padding-bottom: 15px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”#3-What’s The Reason Behind The Millennials Not Keeping Up?
” font_container=”tag:h2|font_size:30|text_align:left” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:300%20light%20regular%3A300%3Anormal” css=”.vc_custom_1475084850499{padding-bottom: 15px !important;}”][vc_single_image image=”13221″ img_size=”full”][vc_column_text]It comes down to 2 factors:
- More debt
- Less risk-taking
They are starting out in more debt than previous generations and require some stability from the onset.[/vc_column_text][vc_separator color=”custom” el_width=”70″ accent_color=”#962468″ css=”.vc_custom_1468283466004{padding-top: 15px !important;padding-bottom: 15px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”#2-It Can Affect America’s Future
” font_container=”tag:h2|font_size:30|text_align:left” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:300%20light%20regular%3A300%3Anormal” css=”.vc_custom_1475087800746{padding-bottom: 15px !important;}”][vc_single_image image=”13222″ img_size=”full”][vc_column_text]Big box stores, franchises and online businesses have radically changed the commercial landscape of America. As these companies age, they tend to become less efficient. That can be a problem with no businesses coming up through the ranks.[/vc_column_text][vc_separator color=”custom” el_width=”70″ accent_color=”#962468″ css=”.vc_custom_1468283466004{padding-top: 15px !important;padding-bottom: 15px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”#1-Here’s 3 Reasons Why There May Be Hope On The Horizon
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- The economy is on the rise. 2015 was one of the strongest years in the last century for wage and job growth.
- There may be some budding entrepreneurs waiting for the right moment to make their break from their current job.
- The Millennial generation is the most educated, in a formal school setting, about the risks of starting up a business. Let’s hope that gives them a leg up if they try to make the leap to entrepreneurship.
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