Franchise Exploration,  General Business

Entrepreneurship Is Booming With Millennials- Here’s Why

Did you know that millennials make up more than half of the American workforce, and by 2025, millennials will account for 75% of the workforce? It’s not just them grinding away in a cube farm though, millennials are setting themselves up to be a real driving force in business ownership and entrepreneurship. 

Millennials are also very different than any other generation in the workforce. More millennials have a college degree than any other generation of young adults. Millennials also have an incredible skill set because they grew up with the emergence of technology and can quickly adapt to new technology faster than generations before them. They also reached adulthood during a severe economic downturn, so they know how to hustle and find success in the mists of turmoil and chaos. There is no doubt that the majority of millennials have a diverse skill set that is especially handy for entrepreneurship!

With that being said, entrepreneurship is booming with millennials, and here’s why:

Flexible Lifestyle

Decades ago, it was less likely for you to move away from your family and hometown. Nowadays, people are ready to move every couple of years and explore new places. This is especially true for millennials. The only problem is, a job holds you down unless you are your own boss.

When you own your own business, you have complete control of your lifestyle. You get to control where you live, how often your work, and what you do or don’t do at work. This lifestyle is attractive to most millennials, and with the right business opportunity millennials can find career success and still retain the lifestyle they enjoy.

To top it all off, as a business owner, you have control of your finances, and you get to determine your earnings. That is, of course, by determining the best way to run your business to maximize earnings.

The Opportunity to Make A Difference

Many millennials are focused on making a difference in the world or their community. They want to ensure they leave some sort of footprint on this earth- which is a wonderful thing!

As an entrepreneur, you have an opportunity to make a difference in just about any way you can imagine. As an entrepreneur, you can leverage your business to make a difference in your community by donating or volunteering.

Additionally, you can support your local community simply by employing community members! Depending on the type of business you own, you can employ community members and give them a chance to develop new skills while making a living.

The Chance to Put Their Innovative Thoughts to Use

Millennials are innovative and want their thoughts to be heard. If you work for a large corporation, unfortunately, you have to take quite a few steps to get your point across. When you are your own business owner, however, you call the shots! Do you have a great idea for your business? If so, all you have to do is bring it to life!

Hundred Acre Consulting: Connecting Millennials to Business Opportunities

At Hundred-Acre Consulting, we are passionate about helping others bring their entrepreneurship dreams to life. If this is your first time as a business owner, a franchise might be the right opportunity for you.

When you buy a franchise, you own your own business while skipping over all of the start-up challenges. Finding the right franchise could be overwhelming, but that is why our team is here to help.

Do you dream of becoming your own boss? Let’s chat and explore all the opportunities for entrepreneurship!

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