Those Darn Millennials 2.0

Oh geez, now what…? Entrepreneurship doesn’t seem to be that big of a thing amongst millennials, which I think has a lot to do with failure. A study of 2014 data by the U.S. Small Business Administration revealed that fewer than 4 percent of 30-year-olds are actively in entrepreneurship, compared with the 5.4 percent of Generation X-ers and 6.7 percent of baby boomers at the same age. Failure is a big deterrent of pursuing something, but there’s a lot to be learned from failing. Which goes hand in hand with some tips to really spearhead your way into the entrepreneurial lifestyle.

Are you passionate about a creating a company or selling a product you think consumers might need? Do it. Some say, yeah go all in! If it’s not reasonable for you, build an empire in your spare time after working your 9-5. If you really want it, achieve it..it’ll be a grind and you’ll be drained but in the end you can’t say you didn’t try. Don’t do it for a quick buck, put something out you truly think people need and you can be happy about selling. Without consumers you’re nothing, and you need to truly care about those using your products or services…this is VITAL. This is a tough one, but PATIENCE! It’s going to take time to create your company, go through the legal process, brainstorm, retain customers, grow organically, and find new leads. Stay patient..you won’t become a Fortune 500 Company overnight, always remember this given the instant gratification society we live in. So get after it, just like us here at Ciconte Consulting did.

-JC