Millennial Entrepreneurs has taken a large role in the business sector globally, and has boomed massively compared to other generation of entrepreneurs.
Though unofficial, millennials are considered born between the year 1980-2000s, making them one of the ‘youngest’ fellows of the industry, but being tagged as the youngest doesn’t necessarily mean to be the most unexperienced or unsuccessful.
Millennial Entrepreneurs has proven time and time again that they are the superstars of this generation.
But what are the real Marks of a Millennial Entrepreneur, we’ve listed a few for you to spot if you are part of this new generation of entrepreneurs.
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Growing up in a generation where they have more role models to look up to, Millennial Entrepreneurs are influenced to become globally competitive in the industry. They tend to be more innovative, open-minded and more often than not, they think outside the box. They are aware that because of the advancement of technology, they have a large number of competitors around the globe. This motivates the Millennial Entrepreneurs to be at their best in a global perspective.
They Want Promptness
Millennials’ would always want everything to be fast-paced and easy. Millennials doesn’t like waiting and always wants to get a prompt response with anything. This is actually an advantage for Millennial Entrepreneurs, because it makes them more innovative when it comes to services, how to accomplish things faster and efficiently. Instead of using traditional services that may take a few business days to process, say for example accepting check payments, Millennial Entrepreneurs would rather go for Online Banking, Online Shopping, Online Payment, so as the transactions are quicker.
In this digital age, we almost do everything with the help of technology and Millennial Entrepreneurs always takes this advantage. The possibilities with technology is endless, from Digital Marketing to Online shopping, Shipment and Customer Service. Everything is at their fingertips. Millennial Entrepreneurs are able to provide seamless services through the help of technology.
They Tend to Succeed Earlier
In previous generations, the goal to success is to be successful by the age of 40-50. But now, there are Millennial Entrepreneurs who are successful at age 25-30. This is not something new with Millennial Entrepreneurs, they tend to be successful earlier because of their constant competitive drive plus we can connect this trend because of the innovations in technology.
Works with a Purpose
Millennial Entrepreneurs are known to be individuals who are more passionate in what they do. Not all are driven by money, but rather, most Millennial Entrepreneurs if given a choice, would choose a meaningful and purposeful job than a high-salary job, which can be monotonous and meaningless for them. Most successful Millennial Entrepreneurs are contributors for the benefit of a majority, rather than the benefit of their own.
They are less protective when it comes to ideas. Millennials are eager to gain feedback from peers and lay everything out there for the world to see and respond. They want to pitch their ideas to gather a response pulse from consumers and fellow entrepreneurs. They encourage and practice group efforts. Companies that are managed and headed by co-founders are the new norm.