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Today’s young people are accused of being lazy, referred to as Millennials or Generation Z. But is this a fair characterization?
At just 10 years old, the elementary school student started his entrepreneurial journey by launching his first business venture.
Kasper Alexander couldn’t wait to receive a VR headset for his birthday after his father told him he would either have to wait or earn the money himself, the BBC reported. In a fit of impatience, Kasper deconstructed the game and devised a creative solution: creating art from the controller.
Kasper’s accomplishments are noteworthy, but they reflect a broader trend of young entrepreneurs entering the business field.
This phenomenon makes us think deeply. What makes young people more likely to be entrepreneurial? Is it mere coincidence, or does it point to deeper social dynamics?
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The story of a 10-year-old entrepreneur
Kaspar Alexander is a shining example of how age is just a number when it comes to entrepreneurial success.
The 10-year-old boy from York was motivated not only by his desire for a VR headset, but also by a desire to support his parents as they retire early.
“My birthday is in June and I couldn’t wait, so my father said I had to earn money for it.”
“I don’t want to be arrogant, so I hope I can sell a few pieces.”
“One day I want to be a successful businessman and earn enough money to retire my parents,” he said.
Alexander facilitated the process by sourcing supplies from eBay, and Kasper smoothed out costs by deducting materials from sales.
“I think it’s a great idea and I’m proud of him,” his father said.
“He’ll learn about costs, materials and product research. I want to encourage him to do it properly.”
Kasper’s venture, Kasper Global Business Enterprises, offers framed artwork for £79.99, a price determined by the young man through market research for similar products. The business is scheduled to launch this weekend at a prominent online craft store.
Are entrepreneurs getting younger?
Mr. Kasper’s adventure has been cited as a remarkable achievement, raising the question: “Is he just an exceptional case or part of a larger trend?”
A quick survey reveals an astonishing increase in the number of young entrepreneurs.
According to the Center for Entrepreneurship, a recent data analysis shows that today’s young people are starting twice as many businesses as baby boomers.
Additionally, Crunch points out that self-employment among individuals aged 16 to 24 has increased significantly since 2016, reflecting a shift away from traditional labor structures towards a more entrepreneurial mindset. ing.
In a 2016 article, Forbes highlighted the growing phenomenon of young entrepreneurs and traced its roots back several decades.
Therefore, today’s young generation has a bad reputation for being lazy, entitled, and unwilling to work, which seems like a rather unfair generalization. In fact, despite the risks, more young people than ever seem to be embracing entrepreneurship.
Inspired by the likes of Mark Zuckerberg, who founded Facebook at the age of 19, today’s young people are forging their own path with entrepreneurial aspirations. Let’s find out why.
Why are today’s entrepreneurs younger?
While there is no single reason why more young people are pursuing entrepreneurial careers, there may be a number of broader reasons driving this trend.
Speaking of business heroes like Zuckerberg, consider the influence of such an iconic figure. These success stories from the past few decades have led to Millennials, Gen Z, and Gen Alpha (and if those terms confuse you, this also applies to generations born after 1982). Youth entrepreneurship has come to be recognized as achievable.
News of these achievements comes as major UK publications spotlight young founders like Caspar Alexander and Hilary Yip (who founded Minor Minus last year aged 10). It spreads easily and can motivate others to follow suit.
These success stories not only demonstrate the endless professional opportunities for today’s youth, but can also be motivated by the general shift away from traditional norms that has taken place, especially since the pandemic. There is a gender.
The post-pandemic world has transformed the professional world. While certain opportunities seem to be coming to an end, new doors have since opened in the world of work, facilitating remote work, digital nomadism, self-employment, and freelancing opportunities.
In fact, many people are looking to move away from traditional 9-to-5 office jobs and find new ways of working that give them more freedom in their time and ability to pursue their passions.
And remember, in today’s digital age, age can be an advantage rather than a hindrance. These days, a good knowledge of the latest technology is essential for most professional endeavors. Anyone born into the post-millennial generation is inherently tech-savvy and understands how to use it to their personal and professional advantage.
Tough economic times post-pandemic have also helped hundreds of young people today see others doing the same in print and, of course, on social media, which has become a hub of inspiration and motivation for entrepreneurs. You may be motivated to pursue your dream of making millions. – I remembered today.
Of course, entrepreneurship always comes with challenges. But is it worth it? Today’s youth certainly seem to think so, and we can give them credit for this trend. Gone are the stereotypes of a lazy, obedient generation. It’s time to develop your reputation as a risk-taker and a pioneer of creativity and innovation.
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