See How Millennial Entrepreneurs Are Different From Their Predecessors
In every year many businesses start in the world with no exception of the United States and with millennials outnumbering the baby boomers since most Entrepreneurs are in the age range of millennials. It is worth noting that millennials do not include every young person as most people fallaciously think but to only those born between 1981-1996. They represent the class of individuals who have been working and are ready to leave the workforce for change, those in the university and those in the early stages of their career. After reading this article, you will be able to understand ways in which millennial entrepreneurs vary with their Predecessors.
Millennial Entrepreneurs have adopted the great use of technology because they grew up in the time technology was already high with some of them having undergone through computer classes, and social media was budding during their college days, for example, Facebook was initially for the college students. It is not fair to compete with this millennials because they have the technology in their hands meaning they can do better advertising and other businesses through the great involvement of technology.
Every business has two options, either to fail and succeed, and actually millennial entrepreneurs do not consider failure as their portion because they are very optimistic compared to their Predecessors.
Millennial Entrepreneurs have good knowledge in sales and marketing because of their knowledge in the use of technology and social media since they know how to advertise to their age mates and they have seen online platforms do the selling, and more so most of them know how to sweet talk customers. Millennial Entrepreneurs cannot compete with their Predecessors because they can easily learn their opponent’s tactics and counterattack them as they learn things for themselves without training.
Millennial Entrepreneurs understands that in today’s economy, you should not be fixed but to be open-minded for new opportunities. Millennials have adopted the use of virtual staffing where staff members work from different parts hold meetings, discussions, and presentations without everyone availing him/herself in person.
Millennial Entrepreneurs are in a position to promote their businesses by giving great benefits to their workers which make them feel better and work smart by enjoying some benefits such as maternity leave, casual dress days, movie nights, health insurance among others.
Millennial bosses have a kind of relaxed, casual dressing when not in the presence of clients, and they can allow workers to work in the office with casual dressing so that they can fell a bit comfortable.
Millennial Entrepreneurs have been credited for being themselves in their activities and use unique styles to promote their activities.