Millennials Turning to Entrepreneurship to Get Going
Posted On November 17, 2011
Millennials are finding it tough to crack today’s job market but are increasingly interested in entrepreneurship and start-ups as a way to get their careers going and pursue their goals. A new poll funded by the Kauffman Foundation shows that most Millennials want to start a business or already have. The numbers are even higher for Millennials minorities – over 60% want to or have launched an enterprise.
Just 8% of Millennials already own a business – not surprising given their age – but another 11% plan to start one next year. Another 38% want to start a business but are holding off due to the economy.
To help them get started, two thirds of Millennials favor legislation that would remove barriers to starting a business and nearly all of them (92%) would like access to specific training and education on how to start and run a small business.