Generation Y: are they the perfect business owners?
Entrepreneurs are getting younger and with high exposure to a world bursting with technology, they are more innovative than ever. From Steve Jobs to Mark Zuckerberg, the youth of today are proving that age in no way limits aptitude.
Does Generation Y want to be business owners?
More and more people are moving away from the traditional type of work and young people are no exception. Research by the London Enterprise Festival found 85% wanted to stay clear of the “traditional corporate hierarchy and be their own boss”.
There’s nothing wrong with young people wanting to branch out into different directions and a life stuck behind a desk may not cut it for the new type of workforce. A quarter of millennials said that “running their own business would be less stressful than working for someone else”.
It seems that the younger generation are eager to test their concepts and try and build their own brand.
But, can they do it?
The idea of millennials running their own business is no longer a farfetched thought. Many of them possess a wide range of specialist skills which could propel ideas forward and give them the ability to go outside the box.
Generation Y are also bringing creativity to the business world and have bags full of ambition to achieve. While some of the older generation may see their optimism in start-ups as naivety, welcoming more innovative projects could not only benefit the economy, but give everyone else a push to open their minds to new concepts.
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