Distracted, self-absorbed, entitled. Terms often used to describe the millennial generation. For those who were born between the years 1981-1997, you can toss aside all the stereotypes you’ve heard about the millennial because they’re not true. The largest living generation boasts a population of more than 75 million and will have greater spending power than the boomer generation.
Millennials are leaving traditional employment behind and embarking on entrepreneurialism like never seen before. According to a recent study, 54% of millennials either want to start a business or already have started one, and 90% think being an entrepreneur means having a certain mindset rather than starting a company.
In a recent Deloitte poll, 70% of millennials who said they’d reject traditional business to work independently, are finding opportunities in business services, commercial cleaning, and beauty salons, just to name a few of the popular choices.
And with well-intentioned and well-motivated millennials looking to business ownership, a franchise business fits their opportunity very well. The franchise company provides the training, support and game plan, while the millennial provides the horsepower and capable financing to complete the picture.
But which business should a millennial specifically invest in? Your FranNet consultant is an expert at matching people to their ideal business. Among many things, we consider a person’s budget, lifestyle, and goals to combine with a proprietary and scientific matching process that enables us to see opportunities you would never see on your own.
Join us for this informative webinar to learn all about franchising and how FranNet can help you become the next successful millennial entrepreneur.