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CKA Uber
CKA Uber


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PostPosted: Fri Oct 18, 2013 9:19 am
 


Quote:
Twice as likely as average person to start a business in the next year

CALGARY — Millennials are twice as likely as the average Canadian to want to start a business in the next 12 months, says a new survey released Wednesday.

The survey, by Intuit Canada which was conducted by Angus Reid Public Opinion, found that 16 per cent of Millennials — defined as those born between 1980 and 1995 — say they want to start a business within the next year compared with eight per cent of all Canadians.

“It’s far too common to dismiss Millennials as an entitled me generation, and to dismiss their approach to the workplace,” said Jeff Cates, managing director of Intuit Canada.

Intuit said one explanation for the rise of entrepreneurialism among Millennials is because the youth unemployment rate is 14.1 per cent, double the Canadian average of 7.1 per cent, the biggest gap since Statistics Canada started tracking this statistic in 1976.

The survey’s key findings about aspiring Millennial entrepreneurs include: they are nearly five times more likely to be motivated by the opportunity to chart their own course (78 per cent) than they are by money or status (16 per cent); they are not naive about the realities of managing a business, ranking a poor understanding of business finances as the top reason entrepreneurs don’t succeed; and they are roughly three times more likely to point to financial risk (61 per cent) than they are to point to personal (17 per cent) or career risk (22 per cent).

Other findings about Millennial entrepreneurs: 48 per cent would run a business from their home while other business locations include primarily online (28 per cent) and store front (19 per cent); and they are nearly twice as likely to finance their business using personal savings than by borrowing money from a bank — personal savings (68 per cent), borrow money from a bank (38 per cent), borrow money from friends/family (18 per cent) and borrow money from another third-party (seven per cent).


http://www.calgaryherald.com/business/M ... ce=taboola


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CKA Uber
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PostPosted: Fri Oct 18, 2013 10:50 am
 


bootlegga wrote:
Quote:
Twice as likely as average person to start a business in the next year

CALGARY — Millennials are twice as likely as the average Canadian to want to start a business in the next 12 months, says a new survey released Wednesday.

The survey, by Intuit Canada which was conducted by Angus Reid Public Opinion, found that 16 per cent of Millennials — defined as those born between 1980 and 1995 — say they want to start a business within the next year compared with eight per cent of all Canadians.



Wanting to do it is one thing.


Doing it is a completely different thing.



Since teaching personal finances appears to be as bad or worse than when we went to school,

.. good luck to them.


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PostPosted: Fri Oct 18, 2013 11:15 am
 


A nascent entrepreneurial class in Canada! No doubt the socialists will have to nip this in the bud with lots of new regulations to stifle all of this capitalism and free enterprise that threatens to make Canadians less dependent on the state.


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CKA Uber
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PostPosted: Fri Oct 18, 2013 5:27 pm
 


Good ... someone's coming along to pay taxes when I'm in my dotage ...


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