RT Vol XIII: Ch 1: Millennials: Disparity of Work Needs as an Entrepreneur
From the Book: The Refractive Thinker®: Vol XIII: Entrepreneurship: Growing the Future of Business


Summary

The Millennial generation, or Generation Y, is the generation of children born between 1977 and 1994; many are already entering college and the workforce. With the increasing retirement of Baby Boomers, Millennials already represent the largest generational cohort in the American workforce. Leaders are challenged with employment retention and motivation efforts as Millennials tend to have a limited long-term commitment to organizations of employment. Activities that are pleasurable or activities Millennials consider fun are significantly higher intrinsic motivators for Generation Y than for other generations. Refractive thinking of a Millennial entrepreneur is most evident in his or her ability to bounce back, transform an idea, and start again following a different thread. The workplace characteristics of Millennials appears to conflict with the actual traits of a successful entrepreneur. Millennial traits include having time to enjoy hobbies, believing in work-life balance, and preferring to work remotely. Disparity exists regarding how Millennials prefer to work regarding internal needs within the workplace and how this contradiction could adversely affect their success if Millennials become entrepreneurs. With the challenges of entrepreneurship – how will millennials fare as entrepreneurs?