6 Quick Stats & Tips on Entrepreneurship
Work culture is changing at a rapid pace. The loss of income via job loss or due to pay cuts is a defining part of the pandemic which is driving people to find ways to recover lost income through entrepreneurship. Total entrepreneurial activity increased to a record high last year with millions of Americans starting a small business. Digital nomads are now the norm and anyone can run multiple businesses from anywhere in the world all from the convenience of a cell phone. Currently, there are over 31.7 million entrepreneurs in the U.S workforce who by 2027 are predicted to take over as the majority. And, it’s the Millennial generation that continues to shape the workforce. Once blamed for being social media-obsessed and entitled, are now credited with leading the entrepreneurship revolution launching business younger than their baby boomer counterparts in previous generations, all at the touch of a button. In today’s gig economy 49% of Americans under the age of 35 now report having their own “side gig” along with their traditional job. In today’s economy, people need to make extra in order to make ends meet. However, it’s not Millennials taking the risk, but really Generation Z is showing signs that it will be the most entrepreneurial generation in history. They are looking to fill industry gaps with business ideas and models that make a positive impact working by their own rules and at their own pace.
Tips for those entrepreneurial spirits looking to get started.
Have a Vision
Challenge & Believe in Yourself
Write it Down, Work on a Solid Business Plan
Get out there and Do, Build a Great Team
Manage Your Energy & Invest Your Time
Take the Risk
Are you an entrepreneurial spirit?
Until next Time ~ Ayri
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