Traditionally, entrepreneurs have been known to change the stagnating world that they were born into. But today, the world evolves into something new and unfamiliar almost every other year.
As a result of this rapid evolution, a Millennial entrepreneur is a far cry from the enterprising characters that you may have found living 100 years ago.
What is a Millennial?
The definition of a Millennial is, “a person reaching young adulthood around the year 2000.” In other words, if you were born in the 80’s or 90’s, you’re in the club. This generation is also referred to as Generation Y, and is the largest generation in US history.
The prior generation was nicknamed Generation X, which was preceded by the Baby Boomer generation.
Granted, it doesn’t take much to be considered a Millennial, but it does take something special to be a Millennial entrepreneur. Here are five surefire ways to know if you’re in that prestigious bracket.
1. You Know the Future of Business Lies Online (And You Want In)
Technology is the name of the game from here on out, and you know it.
Whether it’s software, hardware, or a mixture of the two (IoT, anyone?), you understand that whatever startup you come up with needs to cater to today’s digitized generation. In fact, even a traditional business model with a bricks and mortar store will need to be online in some way.
Why? Because people don’t just surf the internet anymore – they live on it.
2. The Idea of a 9-5 Creeps You Out
Some people enjoy the routine that a 9-5 job brings. But not you.
You can’t think of anything more suffocating than having to commute to somebody else's office at the beginning of each day. You don’t want to be a cog in your boss’ machine, you want to have your own machine.
Tellingly, as a result of this aversion to traditional employment, Millennials have launched twice as many businesses as the Boomers before them.
3. You Read Stuff
Millennials are the most educated generation, since, well, forever.
Literacy levels are up, attending university is now a social norm, and thanks to Google, the vast majority of human knowledge is only ever a few clicks away.
Consequently, you have a shelf full of entrepreneurial books, and you browse through a tonne of business-related blog posts each week, just like this one.
But it’s not because you’re procrastinating. On the contrary, you read to get motivated, to exercise your brain, and to spark your next big idea.
4. You’re Nomadic
A nomad is, “an individual with no fixed location who wanders in search of pasture.”
Sounds like a Millennial entrepreneur to me.
Starting your own business gives you all the flexibility you crave. You can work while travelling, build your brand from a coffee shop, or if you feel particularly lazy, you can get it all done from the comfort of your bedroom. The world is your oyster – if you want it to be.
5. You Aren’t THAT Worried About Your Work-Life Balance
Should you be worried about your work-life balance? Maybe. But as of right now, it’s barely crossing your mind.
That’s not because you don’t take your personal life seriously; you just don’t see your work as work. It’s your passion, your hobby – your addiction, almost. Your business is not juxtaposed to the rest of your life, because you’ve already worked incredibly hard to make it a part of who you are.
6. You’re Impatient
If it doesn’t speak volumes to you, you move on. Quickly.
Technology has made Generation Y extremely impatient. In fact, recent studies have found that the attention span of the modern human is comparable to that of a Goldfish.
Rather than the culprit being a simplistic mind though, it’s down to your level of impatience with things that don’t grab your attention immediately.
The Age of the Millennial
Baby Boomer entrepreneurs like Richard Branson and Elon Musk may still be crushing it, but make no mistake, we’re well and truly in the age of the Millennial.Have I missed a telltale trait of a typical Millennial entrepreneur? Let me know in the comments section below!
About the Author
Kaya Ismail is a wordsmith and founder of Employ the Internet. He is a seasoned content marketer with a love for video games and coffee.