Millennials love, love, LOVE entrepreneurship.
Look at their heroes (Zuckerberg, anyone?), TV programming (Shark Tank, Flip or Flop, All -American Makers), and freelancing lifestyle (find me a millennial that doesn’t know what a 1099 is) – entrepreneurship is everywhere.
But don’t just take my word for it – the Kauffman Foundation reports that 54 percent of millennials either want to start a business or already have started one and the US Chamber of Commerce reported that over a quarter of millennials (27 percent) were already self-employed.
Millennials are turning out to be quite the entrepreneurial generation, as they seriously surpass their predecessors in the start-up arena. BNP Paribas Global reported Millennials have launched about twice as many businesses as boomers have—nearly eight companies each versus three to four for boomers.
A decade ago, millennials’ penchant for trailblazing was commendable – in the height of the Great Recession, it was either create your own job or join the ranks of the unemployed. Many millennials chose the route of entrepreneurship.