Millennials want to work for themselves

Monday, January 6th, 2014 By Jack Nevison

This may not come as a huge surprise, but surveys show that most individuals under the age of 30 (a.k.a. Millennials) are not interested in the idea of working for someone else.

For example, the University of Phoenix recently asked 1,600 adults in that age bracket about how their careers were going and what they wanted out of the future. Sixty-three percent said that they either already owned their own business or hoped to do so. Many more stated an interest in being entrepreneurs.

Perhaps they are simply being inspired by the startup successes all around us. After all, nearly every Millennial is familiar with popular social networks like Facebook and Twitter, which were founded not by big companies but by small groups of committed individuals. It is no wonder that these young people would want to emulate these successful models, rather than take the more traditional path of working one's way to the top.

A recent article on Inc.com also suggests that young people tend to be more willing to put in the long, often irregular hours demanded by startups. In addition, since many Millenials do not yet have children, mortgages or other major financial responsibilities, they are better suited to handle the risks involved.

But are they prepared to start their own businesses? That remains to be seen. It is undoubtedly true that young people can learn a lot from working for someone else. Lacking this experience, many Millennials will need another source of training.

At New Leaf Project Management, we offer a series of training programs for those who wish to become leaders, starting with the introductory program "Five Sigma Project Management" and continuing with "Complex Problems, Difficult Decisions, Innovative Ideas: Smart-Tools for Teams." Our free white papers and our QPM project management game can show you ways to work smarter, whether for your own startup or for a Fortune 500 company.

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