Millennials Turning to Entrepreneurship to Get Going

Posted On November 17, 2011

Millennials Entrepreneur ImageMillennials 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.

Categories: Entrepreneurship