We’ve heard it all before, today’s young people are idealistic, and don’t like listening to their elders, well, the same was said of generations of past. How quickly the older generations tend to forget, that they too, were young not too long ago. Today’s millennial group is by far the most diverse, highly educated and well informed demographic to come of age. You have likely heard how they are disrupting everything that comes in their path with technology and plan on eradicating the once coveted industrial revolution with its corporate culture and rules with their advanced and collaborative approach. And, for those who love clinging to everything of yesteryear, they won’t stand a chance, if they do not embrace these changes. In other words, it is going to happen whether we like them it not.
An excerpt from an article written by Chad Brooks for Business News Daily titled ‘Work-Life Balance, Not Income, Defines Success for Millennial Entrepreneurs’ reads, in part;
“Young business owners don’t define success by how much money they make. Instead, 79 percent of millennial small business owners measure the success of their business on whether they have a flexible work environment and a healthy balance between their personal and professional worlds, found a study from Xero.
Additionally, 67 percent of those surveyed said being able to maintain a schedule that allows them to travel and pursue personal interests is the second most important benchmark of a successful business.
Being in charge of their careers is why most young entrepreneurs wanted to become business owners. More than half of millennials surveyed said being their own boss was one of the biggest motivators for starting their own business.”
Yes, it’s true many millennials have their own set of challenges like everyone else. For example, mounting university debts are forcing these cohorts to come up with innovative ways to address their challenges. And, starting their own business, while immensely stressful, affords them an opportunity to tap into their creative juices and work, how and when they want to.
The article continues “the research shows that millennial small business owners are taking the lead on using the cloud and social media to run their operation. More than one-third of millennial entrepreneurs run the majority of their business functions in the cloud, compared with only one-fifth of baby boomers.”
According to Pew research more than one-in-three American workers today are Millennials (adults ages 18 to 34 in 2015), and this year they surpassed Generation X to become the largest share of the American workforce, according to new Pew Research Center analysis of U.S. Census Bureau data.
So what do with millennials? They have given notice to the world that, among other things, they not going to work for hours on end without purpose, like some baby boomers and are determined to chart their own course in an unconventional fashion. And, why not? they are the future leaders.