The average millennial is often depicted as driving for Uber, making clothes for Etsy, starting a food truck and maybe a software company on the side. In other words, millennials are typically considered the most entrepreneurial generation.
That’s why I was surprised to see that “millennials are on track to be the least entrepreneurial generation in history.” That’s what Economic Innovation Group co-founder John Lettieri told the U.S. Senate Committee on Small Business and Entrepreneurship last year. A 2016 survey found that while millennials admire startup founders and self-employment, they’re wary of starting businesses in a touch economic climate and saddled with financial challenges (like high levels of student debt).
As a long-time entrepreneur and mother of four children spanning ages 6 to 15, this survey gives me pause. There’s no guarantee that any of my four kids will grow up to be business owners, though I’d love it if they did. What’s most important is that each child follows his or her passion and finds a career or purpose that’s personally fulfilling. But, if their calling is entrepreneurship, I want to make sure I’m sowing the right seeds to enable them to take that plunge.