Career Testing
Career Testing
Career Testing
ENTREPRENEURSHIP / AUG. 21, 2014
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Millennial Entrepreneurs on the Rise; But Still Fighting for Respect

You have heard it all before: the world revolves and centers around you, just you. You’re unconventional and unrestricted. And because of your hourly egotistical selfies and minute-by-minute critical tweets about your comings and goings, you’re also self-absorbed. In the workplace, they have called you lazy too because you have switched jobs every three months or so--never looking back. Well, you are not alone.

According to FastCompany.com, job hopping statistics have already doubled surpassing every generation before them, with most millennials barely decorating their cubicles before moving on to another company. And it’s likely, says FastCompany.com, that over 70 percent of millennials will occupy the workforce by 2025, but most will never work the normal nine to five workday choosing to run their own businesses instead. So why are millennials increasingly boldly becoming entrepreneurs? The answer might not be as simple as you think.

The Millennial Uprising

Tired of the evil micromanaging bosses and the greedy, self-serving companies that had traditional snagged millennials, many have boldly decided to become entrepreneurs. It’s a bit scary, isn’t it? But with all of the millennial bashing, it’s no wonder why you also are considering striking out on your own. According to FastCompany.com, there are some millennials who made the courageous decision to become an entrepreneur because they are rebels.

“It is not that millennials are inherently attracted to more harmonious living conditions, or a better quality of life,” said Tomas Chamorro-Premuzica FastCompany.com contributor who holds a doctorate in business psychology and is a professor at University College London. “Rather, they are more self-centered and independent, which makes it harder for them to follow rules.”

Chamorro, who also is an international psychological profiling expert, used a recent employment partiality survey as an example. The survey, conducted by San Diego State University’s Psychology Professor Jean Twenge, found that millennials’ “self-importance, self-esteem, and narcissism have been on the rise for the past five decades”. As a result, they are rejecting the constraints that comes with being managed and positions at reputable companies with high-paying salaries because they value autonomy more.

Another reason why millennials are launching their own startups is because they are gradually becoming tired of working for the gluttonous Silicon Valley CEOs. A strange occurrence, says FastCompany.com, considering it was the tech-companies who held the long-standing reputation for being hip and millennial-friendly environments that also launched the careers of powerful CEOs like Adam D’Angelo, Mark Zuckerberg and the late Autumn Radtke and Steve Jobs.

The problem is that 20 years later and the love affair has weaned because now Silicon Valley has the same characteristics as Wall Street, says FastCompany.com. More importantly to millennials is the continuous bashing that they have endured in the workplace, which has caused the most upheaval among the generation.

The Lost But Found Millennial

However, you should be commended for giving the suit and tie a try. After all, you have been sacrificing your freedom, while giving in to millennial stereotypes by quitting a series of really good jobs. According to Forbes, over 90 percent of millennials say they will only remain loyal to a company for about three years.

“That means they would have 15 – 20 jobs over the course of their working lives,” said Jeanne Meister, a Forbes’ contributor and a partner with Future Workplace, an executive development firm. “The average worker today stays at each of his or her jobs for over 4 years, according to the most recent available data from the Bureau of Labor Statistics, but the expected tenure of the workforce’s youngest employees is about half that.”

Maybe it is a good idea for you to wash your hands with “the establishment” and consider becoming an entrepreneur. If you do, you will be among the over 20 percent of 20 to 34 years who were brave enough to get out there and make it happen for themselves, , according to a 2012 U.S. Chamber of Commerce 2012 survey.

So go ahead brave millennial and surprise us by repairing your reputation and challenging the status quo. Maybe, one day you will help your generation to earn some respect when you become one of the world’s youngest and most successful entrepreneurs.

References:

Stop Stereotyping Millennials

Why Millennials Want To Work For Themselves

The Millennial Startup Revolution

11 Most Influential Young Leaders In Tech Ranked By PeekYou

Job Hopping Is the ’New Normal’ for Millennials: Three Ways to Prevent a Human Resource Nightmare

Is startup life giving millennials the blues?

Image Source: Meet 30 Cool Young Entrepreneurs

 

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