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The Millennial Entrepreneur: Idealistic or Realistic?

Full article here: http://bit.ly/1tDixgI

Consider the entrepreneurial spirit within different demographics. A closer look at millennials for instance, as is reported in a recent study by the CT Corporation, indicates that among those born in the 80s and 90s, the entrepreneurial spirit is strong and thriving.

To help visualize the data, we put together the following infographic and broke it into three distinct areas: the entrepreneurial aspirations of millennials, what could be holding them back, and possible reasons for their motivation.

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The Millennial Entrepreneur: Idealistic or Realistic?

  1. 1. The Millennial Entrepreneur / // / ldealistic or realistic? - The CT Corporation surveyed 500 recent college graduates about business and entrepreneurialism. - The study shows that recent college graduates have an entrepreneurial spirit, and many dream of starting their own company. - However, skill and resource gaps threaten to undermine Millennials’ se| f—emp| oyed ambitions. Aspiring to Leadership Entrepreneurship is so popular, over half of the college graduates surveyed want to be their own boss. want to start a business 0 post—graduation think it’s likely they will , 0 start a business ‘ started a business while 0 ‘ ‘ still in college é want to start a business, 0 but probably won’t What’s Holding Young Entrepreneurs Back? Having an innovative business idea is one consideration, but knowing how to act upon it is another. 1. $TAlZT A BUSINESS don’t understand how 2. W O to start a business 3. rrzoirrre 45% : :'; ;:: :‘: *;: :?: .:: “.: ::; e WMPANYCO. L 2 don’t think they can 0 prepare a business plan don’t think they can 0 market their business 2 don’t think they can 0 obtain a domain name Why the Desire to Strike Out on Their Own? “[We’re] talking about a generation that has seen what happened with their parents and Enron, and what happened in 2009 and 2010—the traditional workforce eroding before our eyes, ” says YEC founder Scott Gerber. “Understand the reality of today versus the nostalgia of yesteryear. Instability is here to stay. ” think starting a business M brings greaterjob security I I in 3-5 yrs 0 think starting a business 20 [0 brings greaterjob security in 10-20 years Whether Millennials, our largest generation at 80 million strong, can harness their enthusiasm into viable businesses models remains to be seen. What seems certain is that the reality—and economy—of tomorrow will look quite different than those of today. For business owners and investors alike, crisis and change create opportunities. Armed with new technologies and attitudes, Millennials are poised to start businesses that take transform today’s realities into the economy of tomorrow. e| ,!Bplans For more insights into small business, visit Bplans. com Data collected by CT Corporation http: //wwwdigltaljourna| .com/ pr/1983028

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Full article here: http://bit.ly/1tDixgI Consider the entrepreneurial spirit within different demographics. A closer look at millennials for instance, as is reported in a recent study by the CT Corporation, indicates that among those born in the 80s and 90s, the entrepreneurial spirit is strong and thriving. To help visualize the data, we put together the following infographic and broke it into three distinct areas: the entrepreneurial aspirations of millennials, what could be holding them back, and possible reasons for their motivation.

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