4 Millennial Entrepreneurs Myths Debunked

It seems like there are many viewpoints — sometimes conflicting — about who Millennials are and how they operate.

The same is true for millennial entrepreneurs. When we look at this fastest-growing segment of entrepreneurs in our economy, we should take care to separate facts from myths about the members of this generation who are building businesses and creating jobs. 

It’s a fact, for instance, that those born from 1981 to 1997 are the largest generation in the workforce today. About half to two-thirds of millennials are interested in entrepreneurship, and more than a quarter (27 percent) are already self-employed, according to the U.S. Chamber of Commerce Foundation.

What motivates and drives millennials to start and build businesses? That’s a question many members of older generations would like to better understand.

It’s the reason Wells Fargo sponsored a recent study of 1,000 millennial small business owners.

The findings not only help us better comprehend how this segment is growing, changing and reshaping the small business landscape, but also help us dispel a few myths:

1. Myth: Millennials are focused only on the short term. Debunk

2. Myth: Millennials won’t take on business debt to invest in their future. Debunk

3. Myth: Millennials are knowledgeable about managing their businesses’ finances. Debunk

4. Myth: Millennials don’t feel optimistic about their future. Debunk

Want to get the full insights on this story? Read the full article on Entrepreneur

newsfleek dueces to Lisa Stevens