Millennial entrepreneurs are starting more businesses at an earlier age than their parents, managing bigger staffs and targeting higher profits than their baby-boom predecessors, according to the 2016 BNP Paribas Global Entrepreneur Report.
“The trend we have noticed is that you can succeed earlier,” said Remi Frank, global head of a key client group at BNP. “Before, you needed to be 40 or 50. Then it was 30 to 40. Now it’s 20 to 30. This is a trend that is obvious everywhere. Of course, it’s linked to the new technologies, but it’s also a change in the world, which [now] accepts that you can be the CEO of a big company or own your own company at a young age.”
Arkansas Capital is encouraging the next generation of young entrepreneurs to follow millennials by creating a competition to develop their business of college-level forward thinkers. “The Governor’s Cup” challenges teams of undergraduate and graduate students to bring business ideas and talents to life. Cash prizes are awarded to first, second and third-place winners in both the undergraduate and graduate tracks.
Millennial entrepreneurs, nonprofits, public and private foundations, and small businesses frustrated by the often-overwhelming process involved with searching for grants can identify funding opportunities that are easy to read and simple to comprehend at GrantWatch.com