Millennials (born 1977 to 1995) are not starting businesses at the same rate as previous generations. Data from the US Small Business Administration found that fewer than 4% of 30-year-olds were self-employed full-time. At the same age, 5.4% of Generation X-ers and 6.7% of Baby Boomers were fully self-employed. Overall, the number of self-employed AmericansContinue reading “Where are all the millennial entrepreneurs?”
Category Archives: Entrepreneurship
What is a Business Model?
A business model is a repeatable process for how your business makes a profit. It seems simple enough conceptually but, defining your business model is extremely important when building a company. It may be easier to think about with an example. Let’s say you want to open a pizza shop in your hometown. You recentlyContinue reading “What is a Business Model?”