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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.

#4 -Mentality-Wise, Millennials See Themselves As

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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.

#3-What’s The Reason Behind The Millennials Not Keeping Up?

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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.

#2-It Can Affect America’s Future

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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.

#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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