In the world, every year a lot of businesses come up which are almost the same number every year with millennials occupying the largest portion. It is worth noting that millennials do not include every young person as most people fallaciously think but to only those born between 1981-1996. This class of entrepreneurs comprises those young persons who have been working and have left the jobs to change for entrepreneurship, those who are still in their undergraduate program ready to complete the program and start businesses and those who are in the initial stages of their career. After reading this article, you will be able to understand ways in which millennial entrepreneurs vary with their Predecessors.
Millennial Entrepreneurs have adopted the great use of technology because they grew up in the time technology was already high with some of them having undergone through computer classes, and social media was budding during their college days, for example, Facebook was initially for the college students. With a lot of technology at hands, they can out compete the baby boomers and some gen x members since they enter into the workforce knowing to do everything with a computer or a smartphone.
Every business has two options, either to fail and succeed, and actually millennial entrepreneurs do not consider failure as their portion because they are very optimistic compared to their Predecessors.
It is true that not every millennial can do the marketing, but at least most of them have the knowledge of how it is done and those who are not very good in it can sit in the office and do online advertising and selling which is not common with their Predecessors. Millennials are the best when it comes to marketing because they easily learn new tactics and even can run a business successfully without training.
Millennial Entrepreneurs understands that in today’s economy, you should not be fixed but to be open-minded for new opportunities. Among some changes is that they accommodate for virtual staffing and part-time working where they can hold meetings and discussions with different people at different places.
Millennial Entrepreneurs are in a position to promote their businesses by giving great benefits to their workers which make them feel better and work smart by enjoying some benefits such as maternity leave, casual dress days, movie nights, health insurance among others.
Most people feel that official dressing makes them stuffy and in millennial jobs, workers are allowed to be casual in the absence of clients for example in the office.
It is worth noting that although all millennial entrepreneurs share a lot, every single millennial entrepreneur has their different tactics of handling business activities.