This article stated Millennials aren’t Entrepreneurs which got me thinking…how do we really interpret risk?
With a title like this one would assume criticism will follow, but you’re wrong.
Of course startups tend to be started at an older age. Life experience can be a catalyst for great ideas.
The risk Millennials hate is: lifestyle risk.
Why work a corporate job you hate, just to support the life you want?
If you dread waking up in the morning something’s gotta change.
Entitlement can be viewed in two different ways: deserving special treatment or not settling for second-best. The former is a stereotype, the latter is a motivation.
Companies like Uber, Airbnb and Nexflix resonate with Millennials because they tap into a deeply embedded value: if you don’t like what’s being offered (monopolies), disrupt it by creating a new category.
The irony here is Millennials aren’t the only ones supporting the above companies. They are just the pioneers.
Risk is defined as being exposed to danger, harm or loss. In business-terms, smart companies/entrepreneurs look to avoid risk as much as possible.
Society interprets living adventurously as risky, but every generation in their 20’s prior to having a spouse/kids travels (as well they should).
By not purchasing homes, cars and staying at companies past a year Millennials have turned risk upside down. Carpe diem.
Don’t ignore the future, but enjoy the present. If you plan too far ahead you risk creating memories now.