Reposted from Time Magazine:
“Globalization, the automation and outsourcing of jobs, an economy changed by the recession: the U.S. economic landscape is shifting. By necessity, the Millennial workforce is shifting with it to become more entrepreneurial. One example of this is that, according to the annual 2014 Youth Entrepreneurship Study conducted by my company YEC and Buzz Marketing Group, 25 percent of young entrepreneurs started their companies as a result of being unemployed — up from 21 percent in 2011.
Entrepreneurship offers value, especially in this recovering economy. So why aren’t we doing more to support this generation of entrepreneurially minded individuals — 82 percent of whom are interested in starting their own business someday — with more targeted resources, training and practical education that would help them thrive? Whether they are building businesses or working alongside startups, many Millennials still lack the skillsets they need to flourish.
We must prepare Millennials, both at a private and public level, for the intrapreneurship and entrepreneurship opportunities required for success in our changed economy. Based on the results of our survey, the following are some ways we must support this growing trend of people who, out of necessity, desperation or pure desire, are creating companies or becoming leaders in the next generation of business.
Whether we’re training the next generation of entrepreneurs or entrepreneurially minded individuals, we must ensure our support systems catch up to the current-day needs of America’s workforce — or risk losing our standing as innovators. The rest of the world isn’t going to wait for us to figure that out.”