Half of Millennials plan to start a business in the next three years, according to a new report by America’s Small Business Development Centers.
America’s SBDC, the Small Business Administration’s largest partnership program, partnered with the Center for Generational Kinetics to better understand how different generations view and approach entrepreneurship.
The study found that 59 percent of Millennials say that with the right idea and resources they would start a business within the next year.
Sixty one percent of Millennials believe that the best job security comes from owning your own business, while 45 percent of Millennials say access to capital is the biggest barrier to starting a business.
These findings confirm what many have been saying recently: the Millennial generation is shaping up to be a generation of entrepreneurs.
This promises to being new, and great things to the country, and the world.