In the world, every year a lot of businesses come up which are almost the same number every year with millennials occupying the largest portion. Those people born between 1981-1996 makes the class of millennials, but most people do confuse it with every young person who is wrong. This class of millennials is made up of the people who are in their early stages of their career, those in the university waiting to join the business and those who have been working but are now looking for a change in business plans. In this article we want to see the ways in Which millennial entrepreneurs are different from their Predecessors.
The Predecessors to millennial entrepreneurs did not embrace technology as with the millennial entrepreneurs since most of them attended computer classes during their early education levels and during their college days social media was budding with Facebook made for college students. It is not fair to compete with this millennials because they have the technology in their hands meaning they can do better advertising and other businesses through the great involvement of technology.
Every business has two options, either to fail and succeed, and actually millennial entrepreneurs do not consider failure as their portion because they are very optimistic compared to their Predecessors.
It is true that not every millennial can do the marketing, but at least most of them have the knowledge of how it is done and those who are not very good in it can sit in the office and do online advertising and selling which is not common with their Predecessors. Millennial Entrepreneurs cannot compete with their Predecessors because they can easily learn their opponent’s tactics and counterattack them as they learn things for themselves without training.
Against their Predecessors millennial entrepreneurs have their minds flexible and ready to accommodate new changes especially to suit the demands of technology and be at the top always. Among some changes is that they accommodate for virtual staffing and part-time working where they can hold meetings and discussions with different people at different places.
Millennial Entrepreneurs are in a position to promote their businesses by giving great benefits to their workers which make them feel better and work smart by enjoying some benefits such as maternity leave, casual dress days, movie nights, health insurance among others.
Most people feel that official dressing makes them stuffy and in millennial jobs, workers are allowed to be casual in the absence of clients for example in the office.
Millennial Entrepreneurs have been credited for being themselves in their activities and use unique styles to promote their activities.