Since I started my business I’ve been based from a co-working space in Manchester city centre. This means I’m surrounded by a plethora of startups, freelancers, and ‘solopreneurs’, all working in a varying range of industries, and the majority of us are aged between 20 and 35 years old. Therefore it’s no surprise when I recently learnt that ‘millenipreneurs’, those born between 1980 and 1995, are creating more companies “with larger headcounts and higher target profits“, and according to the 2016 BNP Paribas Global Entrepreneur Report survey, the annual turnover (on average) of businesses run by millennials outperform by 43% those by baby boomers.
With statistics like these in mind, as part of their Entrepreneur series, FreeOfficeFinder, decided to celebrate “the best of the UK’s young business talent” by composing “a list of the country’s most inspiring entrepreneurs under 30”, and I’m very pleased to say that I was included in it.
I highly recommend you read the article (and no, not just because I’m in it) but it is genuinely interesting to see the wide range of businesses, the founders behind them, and find out where their ideas stemmed from.
It’s now not that uncommon for a CEO to be in their twenties – Evan Spiegel, CEO and Founder of Snapchat is 26 – and more than ever people are starting up a business straight out of college, or forgoing a college education altogether in favour of pursuing their startup. Whilst Evan Spiegel is a rare example (Snapchat’s valuation at the time of writing is $18 billion – $20 billion), I think millenials bring a unique value to the business world.
Whilst the media may like to see us as lazy, entitled, or permanently attached to our mobile phones/laptops/tablets, we’re not all playing Candy Crush. We’re expanding our networks and opportunities, building relationships with people across the world in seconds, and we’re taking advantage of the fact that we can hold the world in the palm of our hand and determining what the next piece of technology can do for us. In a world of likes, retweets, comments, and favourites, we strive to remain relevant and innovative – and surely those qualities are an advantage to any business.
Now I’m certainly not saying millenials are the be all and end all, and everyone else should hang up their hats and go home, don’t get me wrong. This isn’t just a young persons game. It is a two-way street, and of course experience is incredibly valuable, but unlike previous generations we’ve grown up in a world where can stretch our voice further, we don’t necessarily have to rely on longevity or experience to be heard.
I hope you enjoy the piece, I’d love to know what you think about it and the rise of ‘millenipreneurs’, and lastly I want to say thank you to FreeOfficeFinder for including me.
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