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6 Reasons Millennials Think Entrepreneurship is the Bomb

Millennials love, love, LOVE entrepreneurship.

Look at their heroes (Zuckerberg, anyone?), TV programming (Shark Tank, Flip or FlopAll -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.

Today, the job market for millennials is (reportedly) improving, but many established companies are confused as to why millennial entrepreneurs won’t work for them. Continue Reading…