What entrepreneurs can learn from the millennial attitude
MANILA, Philippines – Millennials, or those born between 1980 and 2000, are a generation that have earned the ire of their predecessors because they’re considered lazy, entitled, and tech-obsessed. And yet, for a so-called lazy bunch, millennials are the most entrepreneurial generation to date.
Their inclination towards starting their own business is thanks to being next in line to the Baby Boomers who were known to work jobs they hated for the sake of a lofty pension fund. So rather than climb the corporate ladder, millennials preferred careers that were more meaningful and purposeful – something autonomous, creative, and governed by their own goals and ambitions. Hence, they’d rather start their own business.
And because their motivations stem from passion, you could argue that millennials have a better approach to business then their predecessors.
Here are a few things that entrepreneurs, both old and new, can take away from the millennial generation. – Rappler.com
When you do something that makes you happy, you are more driven, more dynamic, and dedicated to succeed.
To profit from a passion:
- Set down your short-term and long-term goals
- Communicate that passion with your employees
- Remind yourself how far you’ve come
* Acting in a way that satisfies you, no matter the consequences or what others may think
Strategic breaks can make your business better, so:
Take a break
Your brain can remain focused for 90 minutes at most. Rest your mind for 15-minutes at intervals.
Naps can lead to improved cognitive function, creative thinking, and memory performance!
Work in blocks
Set up designated workstations where you can accomplish blocks of work throughout the day.
* What you say when you encounter a difficult situation that you have to go through
Tips on taking intelligent risks:
- Resist the urge to flat-out say “No,” leaders should approach ideas with "Why not?"
- Never stop experimenting with new concepts and ideas
- Reward risk-taking behavior, no matter how it turns out
* Another way of saying “carpe diem”
Millennials are 2.5x more likely to be early adopters of new things, like:
- Work habits
Those who are able to adapt and adopt have the greatest advantage, while those who don’t will lag behind.
* From “stay awake,” stay woke is staying informed about what’s going on around you
Grow your business by using the tools and solutions that are available to you, like:
- To increase business reach
- Promote services and products
- Engage customers and give feedback
- To streamline processes
- Increase productivity and coordination
- Reduce risk of losing important data
- To enable better connectivity
- Access information anytime, anywhere
- Create quality networks
* Being one hundred percent about something, or showing support or approval
Technology can easily reshape and improve your workflow, and help you cut on costs. Get started with easy-to-use digital tools and business solutions like cloud storage, Google apps, and e-commerce solutions such as Shopify. Studies have shown that SMEs who are early adopters of technology grow significantly faster, so get on that bandwagon!
Are you a Filipino entrepreneur?