(Doug Sears, benzinga.com, March 26, 2017) The millennial workforce embodies a pioneering mindset, seeing entrepreneurship as an idealized career path, according to recent studies. While data suggests many millennials feel entrepreneurial and aspire to start their own businesses, few do. Business owners under age 30 are small in number — 65 percent smaller than the same age group in the 1980s.
The decrease in business owners under 30 and the increase in business owner aspirations for the same group comes down to an issue of versatility, according to Neil Kane, director of undergraduate entrepreneurship at Michigan State University.
(Laurence K. Hayward, VentureLab Inc., 2015) Remember the game Twenty Questions? The contestant uses the best combination of questions, which can be answered with a simple “yes” or “no,” in order to discover information held secret by the other player. The objective is to reveal the unknown information with the fewest questions possible.
The game has several common traits with the discourse between an entrepreneur seeking financing and a venture capitalist (VC) evaluating an investment opportunity…
(John Wiegand, mibiz.com, June 12, 2016) One mid-Michigan entrepreneur wants to fill a need in the rapidly growing market for unmanned aerial vehicles by catering his products to educators and students.
(Martin Zwilling, Startup Professionals Musings, May 7, 2016) Most business managers preach that the key to success is holding employees accountable for actions, but I have found that successful entrepreneurs are all about holding themselves accountable. They skip the blame and complain game, and make things happen despite major obstacles. As a startup investor, I view any evidence of a victim mentality as the kiss of death.