As millennials navigated their way through high school and college, they often heard that they would soon enter into a pugnacious job environment. Some of them may have abandoned their dreams for fields with more promising futures; however, others have followed the path of entrepreneurial success. Certain reasons exist as to why this generation has blossomed in this field.
Millennials have watched many careers rise and fall throughout their lifetimes, partially due to the ubiquity of technology. They have also had access to more resources and tools than generations in their past. As a result, they put their creative skills to work. These skills can manifest themselves in solutions to problems or concepts for a new product or service. Millennials have generally been taught to allow for an integration of creativity and logic, and both of these elements are necessary for a successful bid as an entrepreneur.
The experiences that many millennials had in school also likely influences their ability to see issues and projects from different angles. The idea that students learn in different ways based on their own strengths dominates many schools in the country today. Therefore, teachers show students how to look at situations through a variety of lenses. When a situation arises in the workplace or young people must make difficult decisions, they can view it from another angle and perhaps even see their opposition's perspective more easily.
Millennials have experienced great strides in civil rights during their formative years. The political field has shed light on these issues, and the media have also brought such issues to the surface. As a result of this exposure, many millennials are more open-minded than the previous generation of entrepreneurs. This open-minded approach allows them to better engage with a diverse array of people and to better accept ideas that may appear jarring to others.
In the past, many people left their childhood homes shortly after transmuting into adults. Millennials often live with their parents past that point, reducing the amount of money that they have to spend on living expenses. Therefore, they have the necessary funds to start their own businesses. Furthermore, they do not have to worry about health insurance right out of college as they are not permitted to stay on their parents until they are older. The reduction of these bills gives them greater freedom to put money into their business endeavors.
Many, if not all, fields today require some level of modern technology to succeed. This generation grew up with such forms of technology around them, so they do not feel as though they are entering strange territory when they need to use certain tools and programs. This easy access to technology also allows them to advertise in better and more efficient ways than their predecessors did.
Millennials often decide to enter the entrepreneurial field, and many people wonder why. Part of the answer lies in the fact that this generation has the necessary traits to succeed.